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Watch the following video and respond to the prompt below: https://www.youtube.com/watch?v=K-p6qjxKsX8 What happened to the value of taxi medallions when Uber and other ride-sharing companies
Watch the following video and respond to the prompt below:
https://www.youtube.com/watch?v=K-p6qjxKsX8
What happened to the value of taxi medallions when Uber and other ride-sharing companies competed with taxis? The CNN segment asks if there is some "middle ground" for regulation -- something between the over-regulated taxis and the "under-regulated" Uber. Should Christian business owners seek government protection or other privileges to gain market power? What do you make of this, in light of the benefits of competition (for consumers)?
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