Posts Tagged ‘monopolistic competition’

  • Packaging can shape a buying decision.

    Packaging Matters

    Dec 13, 12 • 389 Views • No Comments

    How much do you think a package affects your buying decisions? In 2009, Pepsi changed Tropicana’s packaging. It was disastrous. Within 2 months, sales plunged 20% and they quickly switched back to their traditional orange with a straw. Some consumers......  [read more]

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    A Pizza Peace

    Sep 9, 12 • 443 Views • No Comments

    New York’s pizza price war has ended. During April, we could buy a 75-cent slice of pizza in midtown Manhattan. The brief price war that brought the price down from $1.50 to $1.00 to $.79 to $.75 has ended. As it unfolded, one owner said, “I’m......  [read more]

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    Did Radiohead Change the Music Industry?

    Aug 19, 12 • 1516 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 • 354 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 • 324 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]