Posts Tagged ‘monopolistic competition’

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    Abercrombie’s “Terrible, Terrible News”

    Aug 18, 11 • 274 Views • No Comments

    Sometimes the wrong people wear the right products. It just happened to Abercrombie & Fitch. Here is the story: According to the NY Times, it all began when an employee conveyed to A & F’s CEO the “terrible, terrible news” that Mike...  [read more]

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    Sole Rights?

    Aug 12, 11 • 347 Views • 2 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...  [read more]

  • Gasoline prices add 9/10 at the margin

    Higher Gas Prices

    Jun 5, 11 • 378 Views • No 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...  [read more]

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    V.O.D. Wars

    Sep 27, 10 • 268 Views • No 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...  [read more]

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    Starbucks and the Clover

    Sep 15, 10 • 273 Views • No 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....  [read more]