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What is Comfort Taxi Pricing and Market Dynamics about?

The document discusses the taxi industry in Singapore, which consists of 8 firms operating as an oligopoly. The largest firm, ComfortDelgro, holds about 62% of the market share. While fares are deregulated, ComfortDelgro leads the industry in setting fares. The firms engage in both price and non-price competition. For price competition, other firms typically follow ComfortDelgro

Author

Annabel Seah

Language

EN