Posts Tagged ‘gourmet cupcakes’

  • Cupcakes

    Monopolistic Competition: Cupcakes

    Apr 19, 13 • 425 Views • Businesses, Demand, Supply, and Markets, Innovation, Labor, Macroeconomic Measurement, Thinking EconomicallyNo Comments

    The year was 2009, the GDP was sinking and unemployment soared to 10.1%. And yet, cupcakeries were proliferating. Why? And why now, with the economy far healthier and the consumer far happier, are gourmet cupcake sales down? Let’s start in 2009 with one