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Big Business Is Overcharging You $5000 a Year

Many argue that globalization requires large companies with economies of scale. The result can be market concentration, and reduced competition, leading to higher prices. By comparing prices in Europe and the US, this article argues that higher prices are not the inevitable result of concentration but are a function [...]

Big Business Is Overcharging You $5000 a Year2020-05-10T09:15:58-04:00

Will Mobile Phone Rates Fall as Shaw Buys Wind Mobile ?

The Globe & Mail reported that Shaw Communications is buying Wind Mobile in  a $1.6 billion deal. Primarily a cable and telecommunications company, Shaw wants to compete in the mobile phone business.  Share prices of the big 3 wireless provider -- BCE, Rogers, Telus -- fell on the news, anticipating that [...]

Will Mobile Phone Rates Fall as Shaw Buys Wind Mobile ?2016-05-03T14:45:49-04:00

The Demise of Black’s Photography

After 85 years, Black's Photography, one of the largest Canadian retail photography chains, went out of business in August 2015. As the Globe & Mail reported, Black's was a "victim of a fast-changing digital industry and high-quality smartphone cameras and Instagram posts." This is a classic example of Joseph Schumpeter's [...]

The Demise of Black’s Photography2015-12-12T22:43:36-05:00