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You are asked to utilise the studied model of Perfect Competition to discuss the market for food delivery driver services. First, comment on which aspects
You are asked to utilise the studied model of Perfect Competition to discuss the market for food delivery driver services. First, comment on which aspects of the market for food delivery driver services are well-matched with the characteristics/assumptions of the model of perfect competition, and comment on any aspects of the real-world market that may differ to the assumptions. Next, utilise the model of perfect competition to explain why being a food delivery driver is unlikely to be a highly profitable occupation in the long run - even in the event of large increases in demand for this service. Ensure that you use diagrams where relevant to support your answer, and make sure to use key terminology and course concepts where appropriate. (Note: The requested analysis here is regarding the services offered by the many individual delivery drivers themselves, not the big business intermediaries such as UberEats, Menulog, etc.)
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