CONSUMER/PRODUCER SURPLUS

After solving the water issue in your society, you realize you're actually a New York City cab driver that was daydreaming about an apocalypse. You remember having paid $1,000,000 for a medallion, so you could drive this cab. However, there are new companies such as Uber and Lyft appearing, whose drivers didn't have to pay for these medallions. The government is tolerating them and the people love them for some reason, and this makes you angry. Can you explain, using terms from the chapter, what it is exactly that taxi drivers are now missing out on when companies like Uber are allowed to drive without city permits? In other words, what did you get for your money, as a taxi driver paying $1,000,000 for a medallion? Do you think it's better that Uber and Lyft exist, for the average person?