Monday, December 20, 2010
Malcom, My Hero Video Response
After watching the video of Malcolm Gladwell, I thought that the video was very interesting and intriguing. This video was very cool in looking at things at a different way as Howard did with the Campbells chicken noodle soup. He saw not just one perfect soup but a group of perfects soups. Many other companies operate this way by having a test done, review the data, and use that data to find a correlation and make a better product. If the prices are close, you select between two products based on variety/diversity and the quality of the product. This would be an example of a perfect competition market structure because the companies compete over something other than price.