EclectEcon

Economics and the mid-life crisis have much in common: Both dwell on foregone opportunities

C'est la vie; c'est la guerre; c'est la pomme de terre . . . . . . . . . . . . . email: jpalmer at uwo dot ca


. . . . . . . . . . .Richard Posner should be awarded the next Nobel Prize in Economics . . . . . . . . . . . .

Saturday, June 18, 2005

Tomorrow is Father's Day

Just in case you need a reminder.

Have you noticed that many stores have toys tools on sale this weekend? Even though this is likely to be a peak demand period, competition is such that prices are driven down near short-run marginal costs for many products, with much smaller mark-ups.

Ain't competition grand?

posted by EclectEcon @ 6/18/2005 03:02:00 a.m.  

 
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