I've been told that uber hides some of the information (either the price or the distance the driver has to go or both) which makes that not quite true.
If that is true than it is no better than the US healthcare system.
I currently drive for Uber and both of these are 100% true
When a request pops up all I see is the estimated time it'll take me to get to the pickup point, I also have exactly 10 seconds to accept a request.
Is this also true for Lyft?
No. Take it or leave it is them dictating a price.
if i demand a $2mm salary, take it or leave it, i am not dictating a price; i am getting laughed out of the room and someone else is getting the job. uber is only dictating a price to the extent that lyft won't offer more.
firms like comcast, who may be the only ISP offering >25mbps in a particular area, are the ones who get to dictate a price.