If a company makes excessive profits, does it truly mean that the consumer is being ripped off? In the short run, it may definitely seem so, but in the long run, excessive profits can actually mean higher consumer welfare. How does this work? It’s this little thing called incentive. With a high profit margin, companies… Continue reading Excessive Profits – Consumer Rip-off?
Tag: Apple
Spotlight on iPhone
Even though it has been over a month since iPhone 3.0 was released, I had always wanted to write a piece on the Spotlight feature in the updated firmware. Spotlight is the universal search for iPhone, much like Spotlight for Mac. And I love it. While Spotlight on Mac never gives the fast response of… Continue reading Spotlight on iPhone