Does the largest ride-hailing company in the region, GRAB, has elements of a monopoly? Explain.

Yes, it does. GRAB is the only company that exists as at now and can serve a large population, and this gives them the capacity to be labelled a monopoly. It can operate as a monopoly but is keen not to misuse its advantages because it will drive away its consumers. Additionally, Uber has created business strategies that discourage firms from joining the market with high prices to give the ride-hailing companies the power to operate as monopolies.

The Uber exited encouraging many smaller companies to start thus making GRAB stronger. With the elimination of emerging companies that would have turned out more prominent, the competition was eliminated. Therefore, it is still confusing on whether the business is a monopoly because it refused to provide proof of it operating as a monopoly business after buying out Uber.