With coronavirus social distancing, MLB revenue and costs will depend on if, how many, and when fans can attend baseball games.…
Business
Formally called the theory of the firm, the business category focuses on ownership, production and competition. Our goal is to understand business behavior. For ownership, topics include the corporation and sole proprietorships. For production, the focus involves maximizing profits. With competition, topics relate to a continuum that spans the 4 basic market structures: perfect competition, monopolistic competition, oligopoly and monopoly.
A State-by-State Look at Quarantine Takeout
Ranging from tacos to dumplings to General Tso’s chicken, our state-by-state quarantine takeout preferences are different.…
The Coke Pepsi Space Race
After visiting NASA in 1984, Coca-Cola started a cola space race against Pepsi that did not quite work out as it expected.…
How “Trolls World Tour” Is Changing the Movie Business
On April 10, when Trolls World Tour was supposed to hit the movie theaters, none were open. So NBCUniversal decided to proceed with a streaming release instead. Other studios were postponing film open…
How Golf is Like Dior Perfume
From Dior to GM, when we look at golf, sanitizer, and ventilators, the production changes necessitated by the coronavirus depends on the factory.…
How Mattress Markets Have Inflated
An example of the revolution in mattress markets, Casper has been a leader and a victim of the competition that its innovation inspired.…
What Restaurants Really Sell Us
While many of us think that restaurants sell us food, economists point out that they are actually renting space to diners for several hours.…
The Problem With Finding the Right Size
The massive volume of online clothing returns.takes us to the value of standardized dress sizes and the transactions costs of free shipping.…
Nike’s Amazon Problem
Nike’s Amazon problem related to the difficulty that most big brands would have with losing power at the Everything Store.…
How Mexican Tequila is Like New Zealand Honey
Protecting honey through a trademark or an EU PDO are the goals of the makers of New Zealand’s manuka honey because others are producing similar products.…