Why is there a price rigidity in the oligopoly? Why is the economic profit used to measure opportunity cost? Why is it important for a profit-maximizing firm to consider market structure when determining the price and output of its product or service?
Despite being obscenely high, customers had virtually no other choices, and so continued to shell out cash to the legacy banks. The retail banking market in Latam had operated as an oligopoly, with banks agreeing to artificially raise account costs when there was no risk to justify it. Nubank...
There’s nothing about distribution revenue that makes it inherently more noble or worthy than advertising or any other kind of revenue. You go where the money is and, in most cases, that’s not production and distribution. In publishing, just like any other business today, that means you n...
After decades of male dominance on the newsstand, Ms Holmes made an irresistible cover story. She was the bright young upstart disrupting an ugly oligopoly of laboratories that were allegedly blocking US citizens’ quest to find out about their own health. This tale — which she told repeatedly ...
But today’s digital supply chain provides virtually unlimited inventory but predictably most of this is at the crappy end of the value equation. Beyond the media publishers and broadcasters, there is now the digital duopoly (heading to a oligopoly) who create unlimited sources of media inventory...