By charging the equilibrium price for shared rides as opposed to the government-regulated price charged by traditional taxi companies, Uber has

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By charging the equilibrium price, Uber has increased consumer surplus. This is because consumers are willing to pay more for a ride with Uber than they would for a traditional taxi, meaning they receive a larger benefit from the service. Additionally, Uber's pricing model often leads to lower overall prices for rides, which further increases consumer surplus. There is no evidence to suggest that Uber's pricing has significantly altered deadweight loss or producer surplus.

By Charging the Equilibrium Price for Shared Rides as Opposed