FROM ISSUE NUMBER 136 - SUMMER 1999 GO TO TABLE OF CONTENTS
What’s economics good for?
ONE of life’s little puzzles is the price of popcorn in movie theaters. It costs almost as much to buy a bucket of popcorn as it does to see the movie itself. Movies cost tens of millions of dollars to produce. Popcorn costs almost nothing to produce. Why, then, is popcorn so expensive?
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