Posts Tagged ‘competitive market structure’

  • Marijuana legalization is about demand, supply, market structure and cost benefit analysis.

    A Demand and Supply Lesson

    May 17, 10 • 99 Views • Businesses, Demand, Supply, and MarketsNo Comments

    A recent NPR report on the changing status of marijuana in California is also a supply and demand story. The story begins in 1983 when the Reagan administration sought to decimate pot production in California. As a result, supply would have decreased because...

  • Blanket Competition

    Feb 12, 10 • 119 Views • Thinking EconomicallyNo Comments

    Hearing that American Airlines was charging eight dollars for a blanket and pillow brought back memories of airline deregulation, Eastern Airlines, and People Express. Does anyone remember the Eastern Shuttle? With a government given monopoly on flights...