Hershey kisses and COPEC might be like petroleum and OPEC if the Ivory Coast and Ghana are able to elevate cocoa bean prices.
Like all monopolists, the people selling “Hamilton” tickets charge different categories of theater goers different prices to maximize their revenue.
Our economic news summary includes how the sharing economy relates to outdated regulatory policy, elections and markets, and Super Bowl ad monopolies.
Able to charge monopoly prices for Super Bowl ads, CBS is getting $5 million for a 30-second ad from firms that include Anheuser-Busch, Coca-Cola and Pepsi.
Our week’s everyday economics include inflation, supply and demand, income mobility, property rights, incentives, default, CDS, and monopoly pricing.
Because of monopoly pricing power, as a price maker with sole Super Bowl broadcast rights, NBC can charge $4.5 million for a 30 second ad slot.
Because the college textbook market is a monopoly for each book in which the instructor selects the books and students buy it, prices have skyrocketed.
From SeatGeek: January, 2013 $500-$2500 is the face value range for 2014 Super Bowl tickets. By contrast, in 1967, the least expensive box office ticket to the first Super Bowl would have cost you $6. Using an inflation calculator, I…
In an ad for the (Super Bowl) ad, Stephen Colbert talks about Wonderful Pistachios. http://www.youtube.com/watch?v=oKAG7UJ-NWk Fox said its Super Bowl TV ad inventory (estimated at 65 spots) for the game is sold out. According to Ad Age, that inventory included…