Posts Tagged ‘complementary goods’

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    Jell-O, Gillette, and the Kindle Fire

    Dec 4, 11 • 105 Views • Businesses, Demand, Supply, and Markets, Developing Economies, Innovation, Thinking EconomicallyNo Comments

    At first no one wanted to buy Jell-O. The year was 1902, the product was jiggly, and people had no idea how to serve it. Then, its producers went door-to-door with free cookbooks. And the rest of the story is history. By contrast, from the start, King...

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    Fried Chicken Wings

    Jul 30, 11 • 127 Views • Businesses, Demand, Supply, and Markets, Households, Labor, Macroeconomic Measurement, Thinking EconomicallyNo Comments

    When the NFL lockout ended, dry cleaners, ticket-takers and souvenir sellers rejoiced. But not chickens. According to the National Chicken Council, on Super Bowl Sunday 2011, we consumed 1.25 billion chicken wings. Joe Sanderson, CEO of the 4th largest...