Word: suppliers
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Dates: during 2000-2009
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Travelers who want deep discounts and have flexible schedules have made Priceline.com the leading discounter site. You name your price, and Priceline tries to find a supplier to accept it. The catch: you won't know which airline you're on, how many stops you will have to make or what time your flight leaves until the transaction is complete. Once your bid is accepted, you're committed, whether you like your itinerary or not. Newcomer Hotwire.com appeals to the same deal-seeking customer. There's no "bidding" involved, but the same rules apply: no specific information about your flight...
According to Dr. David S. Rosenthal '59, director of UHS, this year's shortage is due to a donation by UHS to the city of Cambridge. Although UHS received an adequate amount of vaccine from its supplier, the city faced a shortage of 1,000 to 2,000 doses...
...monopoly is inefficient because, with only one supplier in a market, the monopolist can set price way above the market equilibrium point (E), and quantity far below E. Such a situation means that the price of the good or service is artificially elevated, while quality usually suffers. For those unfamiliar with the lingo, the gist is simple (and oft-repeated in Professor Feldstein's lectures): monopoly bad, free trade good...
...girding for a potential shortage of heating oil this winter, and European governments are trying to contain protests over the price of petrol. But Chavez boisterously reminded everyone that the supplier of 42% of the world's most precious commodity has the kind of leverage a superpower might yearn for. And by the way, the ex-paratrooper argued, rather than blame OPEC for threatening the global economic boom, the West should look closer to home--at high fuel taxes, market speculators, lagging refining capacity and a Christmas list of other ills...
...been the company's main defense against Bridgestone/Firestone's persistent contentions that Ford-ordered underinflation was at the base of tread-separation problems. It's also talking to Continental General Tire, a German firm. But according to the Journal, the France-based Michelin company will be a main supplier...