Ever wonder why there isn't a price war to take down the price of mooncakes? Market forces isn't working here.
Economics has too many dismal exceptions. For mooncakes the price didn't fall but the packaging and now even its presentation have improved markedly. The competition in non-price.
To get mooncakes at bargain prices, wait for the 15th day of the eigth lunar month. It is a sale that puts post christmas sales to shame.
Economics 101 I got from school was useless, good only for a world that only exists in computer games.
This is a test blog post from the iPod.