On Fri, Apr 02, 2004 at 12:58:07PM -0500, Doug Henwood wrote:
>
> The business press is full of tales of how companies can't raise
> prices. The car industry, once the paradigmatic oligopoly, is facing
> rising steel prices, but is unable to raise prices - in fact, 0%
> financing and other sales incentives have been increasing. Despite
> rising fuel prices, airlines have been unable to raise prices. Profit
> pressures in both industries are immense. It's not 1965 anymore,
> despite this:
--
Michael Perelman
Economics Department
California State University
Chico, CA 95929
Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu