tag:blogger.com,1999:blog-7169279.post111257045536866012..comments2023-11-24T03:20:02.361-07:00Comments on Tufte's Economics Classes Blog - A Living Textbook: Sneaker Market on The RiseDr. Tuftehttp://www.blogger.com/profile/17397586052171706438noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-7169279.post-1113852700585353212005-04-18T13:31:00.000-06:002005-04-18T13:31:00.000-06:00Can you say monopolistic competition?Nike is an ex...Can you say monopolistic competition?<BR/><BR/>Nike is an excellent example that hadn't struck me before. When I was a kid, Nike just sold sneakers. Now they sell a differentiated image attached to a sneaker. The reason they come out with so many new styles is that free entry pushes the profitability of each individual line towards zero (but every new line earns monopoly profits for a little Dr. Tuftehttps://www.blogger.com/profile/17397586052171706438noreply@blogger.com