Group3+Market+Structure

Taxi Operators: **Market Structure:[|**[1**]] **Monopoly Comfort and CityCab, both taxi companies belonging to ComfortDelGro Corporation Limited, are the largest players in Singapore's taxi industry with a combined fleet of about 15,000 taxis. As such, they are essentially the price setters for the industry since close substitutes(Other Taxi companies) lack the market power to change fare prices. By collaborating with other taxi companies, the majority of the taxi operators charge a uniform rate for their services. This limits the consumers’ choices and thus little competition exists in the market.

[|[1]] http://newslink.asiaone.com/user/OrderArticleRequest.action?order=&_sourcePage=%2FWEB-INF%2Fjsp%2Fuser%2Fsearch_type_result.jsp&month=02&year=2011&date=08&docLanguage=en&documentId=nica_ST_2011_19044991