Posts Tagged ‘perfect competition’

  • competitive market structure strategies

    How Firms Compete With Hidden Messages

    Feb 11, 14 • 138 Views • Behavioral Economics, Businesses, Demand, Supply, and Markets, Labor, Thinking EconomicallyNo Comments

    Have you noticed the arrow in FedEx’s logo? Especially because, in class, we have been looking at how oligopolies compete, I appreciated what this BusinessInsider slideshow said about their logos: A competitive market structure shapes business behavior....

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    A Blurry Customer Focus

    Jul 27, 12 • 82 Views • Behavioral Economics, Businesses, Economic Debates, Financial Markets, Households, Regulation, UncategorizedNo 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...

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    Egg Surprises

    Apr 24, 11 • 100 Views • Businesses, Demand, Supply, and Markets, Thinking EconomicallyNo Comments

    Egg prices are actually down. Averaging $1.73 a dozen during March, egg prices have fallen by 5% from March a year ago. So, yes, the CPI says the increase for food prices is up 2.7% during the past 12 months (March 2010-March 2011). But not for eggs. We could...

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    A Chocolate Squeeze

    Jul 26, 10 • 114 Views • Demand, Supply, and Markets, Financial MarketsNo Comments

    One person might have purchased enough cocoa to make 5 billion chocolate bars. And, he is not even in the candy making business. Instead, he is doing what financial speculators have tried to do for centuries. He is trying to corner a market. The man is...

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    Khakis and Lettuce

    Apr 30, 10 • 130 Views • Businesses, Demand, Supply, and MarketsNo Comments

    Do you remember when we only had Levi’s? Until the late 1970s when Jordache arrived in department stores, buying jeans was not about style. After that, designer jeans became a fashion statement as did their higher prices.   I wonder whether...