Our lil' ol' bike business—the same one we toil in night and day, usually because we happen to like bikes a lot—is now starting to appear in various college business courses as literally a textbook example of what’s called Perfect Competition. We're being taught to Business and Econ majors across the country because the bike business happens to score a perfect five points out of five for the characteristics that define Perfect Competition. What are those, and why does it matter? Read on.
On The Microeconomics Of The Bike Biz
Published October 18, 2010
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- Bike Culture in an Unlikely Place
- Motorcycle Industry Plays Better Safe Than Sorry with CPSIA—Should Bike Industry Do The Same?
- San Diego Custom Bike Show First Impression
- Five Boro Bike Tour
- Watch Out for Scammer Hitting Bike Shops
- Sharing the Bike Path with Madison’s Mayor