Taxis were a cottage industry - pretty much the opposite of a cartel (so were Bed and Breakfasts, another "app-disrupted" business).
Taxis were a cottage industry - pretty much the opposite of a cartel (so were Bed and Breakfasts, another "app-disrupted" business).
Could you tell me why you think that?
In NYC, prior to Uber entering the market, taxi medallions changed hands for up to $1mm. Prices were fixed by the TLC.
If these are no strong indications of a cartel, I don’t know what is.