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a little economics
have you read the forum letter where one guy asked why is it that when one petrol company adjusts its prices, the other companies follow suit? like WTH?? you have to write to the forum to ask such a question? couldn't you have asked any ah lian or beng taking econs? the same goes for movie ticket prices, though the situation is not as bad. at least there are more tangible product differentiation between cinemas. with that said, i have no idea why some cinemas can get away with charging the same price for tickets as cinemas such as GV and cathay. my layman's dissection. the market structure is an oligopoly, and the price setter is the one with significant market share. when shell erected those signboards that displayed pump prices, it was to increase market knowledge - that includes competitors and consumers. they are also indirectly making themselves the price setter. in fact, when other companies erect their own signboards, they are already acknowledging shell as the "leader" who started it first. when pric
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