Posts Tagged ‘monopolistic competition’

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    Sole Rights?

    Aug 12, 11 • 226 Views • Businesses, Demand, Supply, and Markets, Economic Debates, Innovation, Regulation2 Comments

    Suddenly, a red sole has become much more than the bottom of a shoe. The trademark of designer Christian Louboutin, his red soles are supposed to represent glamour, luxury and hidden status. Or, as stated by Mr. Louboutin, “A shoe has so much more to

  • Gasoline prices add 9/10 at the margin

    Higher Gas Prices

    Jun 5, 11 • 269 Views • Behavioral Economics, Businesses, Demand, Supply, and Markets, Thinking EconomicallyNo Comments

    How have we responded to higher gas prices? According to a recent study, our first response is to buy a lower grade of gasoline. Drivers, used to premium, opted for regular gasoline instead. However, because we have different “budget baskets,” we

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    V.O.D. Wars

    Sep 27, 10 • 172 Views • Businesses, Demand, Supply, and Markets, RegulationNo Comments

    Usually, for an average of 120 days, theaters have an exclusive right to show a movie. Then, for about $4.99 we can use video-on-demand to see it on television. It sounds simple but so much more is happening. It all relates to competition. The first step was

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    Starbucks and the Clover

    Sep 15, 10 • 164 Views • Businesses, Demand, Supply, and Markets, Thinking EconomicallyNo Comments

    I just had a Starbucks grande coffee from their $11,000 Clover coffee machine. It was very good. Because the Clover makes individual cups, Starbucks can let the customer choose the bean. More choice, elite beans, and you have a recipe for higher prices.

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    More About Lines

    Aug 13, 10 • 215 Views • Businesses, Thinking Economically3 Comments

    Next time you are in Starbucks, check how long you stood in line. They care. To save 14 seconds, for example, Starbucks designed a larger ice scoop which baristas could use for one dip instead of 2. Still though, in a “mystery shopper” survey of