Posts Tagged ‘monopolistic competition’

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    Did Radiohead Change the Music Industry?

    Aug 19, 12 • 1202 Views • No Comments

    “The fact of the matter is that popular music is one of the industries of the country. It’s all completely tied up with capitalism. It’s stupid to separate it.”                                                     ...  [read more]

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    A Blurry Customer Focus

    Jul 27, 12 • 257 Views • No Comments

    Several years ago, I walked into my local bank branch at 5:55. Knowing that they closed at 6:00, I thought I had some time but they said I was too late. I said I had 5 minutes, they said no and by the time we had concluded our exchange, it was 6:00. They said...  [read more]

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    Why Do Gas Prices Rise Quickly and Fall Slowly?

    Jun 23, 12 • 238 Views • No Comments

    At your local gas station, you might be seeing some sticky prices. Although barrels of West Texas Intermediate (WTI) and Brent Crude have steadily gotten cheaper, the price at the pump has had a less steep downward trajectory. One economic study observed...  [read more]

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    Pizza Price Wars

    Apr 5, 12 • 337 Views • 2 Comments

    No one wins a pizza war. Having read a NY Times article about a pizza price war in NYC, I was curious about the supply side of the pizza business. So, this afternoon, I interviewed my local pizza counterman. The pizza price war in midtown NYC involves 3...  [read more]

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    Our Shopping Habits

    Feb 20, 12 • 338 Views • No Comments

    Our story starts during the 1990s. When Procter & Gamble (P&G) first advertised Febreze as a room deodorizer, they thought it would be an instant success. However, the households that most needed it did not respond and sales were tepid.  Realizing...  [read more]