As the coronavirus spread throughout many countries, WHO has declared it as a pandemic- a spread of disease over a large region of the world. As of this report, COVID-19 has infected 155 countries, with 182,407 confirmed cases globally. As medical physicians and scientists are coming together to work on treatments and vaccines for COVID-19, … More America’s Pharmaceutical Prescription Market Nightmare

Introduction Da Beer, a company well known for monopolizing diamonds, finally reached the end of its glory day in the year 2000. 20 years later, the market for diamonds is driven by supply and demand, leading to a decrease in the price of diamonds. Da Beer has taken over control of the diamond market since … More COVID-19; The Downfall of a Shiny Beast

Upon doing research into “Why textbooks cost the way they do now?” I have learned that the textbook market in the US is in fact an Oligopoly. According to a 2016 PIRG Report, there are four major publishers- Pearson, McGraw-Hill, Wiley, and Cengage- that control over 80 percent of the textbook market. Looking at the … More Textbook! An Oligopoly?

A blog that was posted by Freakonomics on May 14, 2008, discussing how consumers spend their money on higher quality products when their income rises instead of buying a quantity of it; quality over quantity. While the blog didn’t delve into detail, it does a good job of summarising the idea of consumer’s purchasing power … More Two Hondas or a Lexus?