Hello economists. Spending a beautiful snowy morning doing economics with my professor and mentor Daniel Kolliner. I hope you all have been having an economically fruitful semester. ๐
Iโm honored to give the Tommaso Padoa-Schioppa lecture at the Brussels Economic Forum. While much is uncertain, on both sides of the Atlantic we have in our power the ability to deliver effective cooperation to secure a more prosperous & sustainable world. https://t.co/8eJMuB4Rml
The streaming service industry is an oligopoly, as evidenced by CNN's inability to enter the market successfully. If streaming services flourish, it might become easier for CNN to enter the market, as there would be more demand generally. #KenyonMicro
https://t.co/EKKLt2Ad9N
Hey beautiful, is your average total cost curve above your demand curve at the point where marginal revenue intersects with marginal cost? Because I'm at a LOSS for words...
Waterparks are opening back up for the summer. In a cold climate, waterparks will close because the equilibrium price is likely below their AVC. Now that it's summer, demand and thus price increase, making reopening a rational decision. #KenyonMicro
https://t.co/HKmidiyRel
Proposed pro-competition bills could break the monopoly that Apple and Google have over app stores and shift the market towards prefect competition, reducing total profit and increasing consumer surplus. #KenyonMicro
https://t.co/2zxXvqnTq1