A lesson in economics: barriers to entry.

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maiforpeace
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Re: A lesson in economics: barriers to entry.

Post by maiforpeace » Thu Aug 05, 2010 5:38 pm

Coito ergo sum wrote: In the case of this little girl, to charge her $120 to sell lemonades on a sporadic basis does nothing to protect the public, essentially confiscates her operating revenues, and helps entrench larger competitors and free them up from competition.
Which is what my point was when I suggested you defended McDonald's right to do as they please - whether it's free speech in advertising or entrenching themselves and removing their competition through the financial power they own by lobbying, on the most part that's a system you have defended, no?
Coito ergo sum wrote: But, I do think it's stupid to charge little kids permitting fees to run a flippin' lemonade stand.
It was obviously an isolated case that the media jumped on for news. I just participated in a bake sale on a crowded street that made almost $1000 in revenues and we haven't been contacted by the state (yet).
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Re: A lesson in economics: barriers to entry.

Post by AnInconvenientScotsman » Thu Aug 05, 2010 5:39 pm

Feck wrote:I'm glad you have explained more economics to us because frankly I don't understand it :think:

Image
Coito ergo sum wrote: You see, the $120 is a "barrier to entry." This little girl is effectively barred from entering the lemonade industry because her temporary lemonade stand has to comply with a $120 filing fee. The effect is that she needs to sell 60 lemonades at her price of 50 cents each, just to pay the license fee. "
You should have done that, then :P
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Re: A lesson in economics: barriers to entry.

Post by FBM » Thu Aug 05, 2010 5:40 pm

AnInconvenientScotsman wrote:
Feck wrote:I'm glad you have explained more economics to us because frankly I don't understand it :think:

Image
Coito ergo sum wrote: You see, the $120 is a "barrier to entry." This little girl is effectively barred from entering the lemonade industry because her temporary lemonade stand has to comply with a $120 filing fee. The effect is that she needs to sell 60 lemonades at her price of 50 cents each, just to pay the license fee. "
You should have done that, then :P
But...all the writing disappeared...
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Re: A lesson in economics: barriers to entry.

Post by AnInconvenientScotsman » Thu Aug 05, 2010 5:41 pm

FBM wrote:
AnInconvenientScotsman wrote:
Feck wrote:I'm glad you have explained more economics to us because frankly I don't understand it :think:

Image
Coito ergo sum wrote: You see, the $120 is a "barrier to entry." This little girl is effectively barred from entering the lemonade industry because her temporary lemonade stand has to comply with a $120 filing fee. The effect is that she needs to sell 60 lemonades at her price of 50 cents each, just to pay the license fee. "
You should have done that, then :P
But...all the writing disappeared...
A straight woman would have answered him, no worries :biggrin:
When I feel sad, I stop being sad and be awesome instead.
True story.
SUIT UP!
"Dear God, dear Lord, dear vague muscular man with a beard or a sword,
Dear good all seeing being; my way or the highway Yahweh,
The blue-balled anti-masturbator, the great all-loving faggot-hater
I thank your holy might, for making me both rich and white"

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Re: A lesson in economics: barriers to entry.

Post by FBM » Thu Aug 05, 2010 5:42 pm

AnInconvenientScotsman wrote:
FBM wrote:
AnInconvenientScotsman wrote:
Feck wrote:I'm glad you have explained more economics to us because frankly I don't understand it :think:

Image
Coito ergo sum wrote: You see, the $120 is a "barrier to entry." This little girl is effectively barred from entering the lemonade industry because her temporary lemonade stand has to comply with a $120 filing fee. The effect is that she needs to sell 60 lemonades at her price of 50 cents each, just to pay the license fee. "
You should have done that, then :P
But...all the writing disappeared...
A straight woman would have answered him, no worries :biggrin:

The pic showed up again, so I'm going to assume that you replied or something....
"A philosopher is a blind man in a dark room looking for a black cat that isn't there. A theologian is the man who finds it." ~ H. L. Mencken

"We ain't a sharp species. We kill each other over arguments about what happens when you die, then fail to see the fucking irony in that."

"It is useless for the sheep to pass resolutions in favor of vegetarianism while the wolf remains of a different opinion."

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Re: A lesson in economics: barriers to entry.

Post by AnInconvenientScotsman » Thu Aug 05, 2010 5:45 pm

FBM wrote:
AnInconvenientScotsman wrote:
FBM wrote:
AnInconvenientScotsman wrote:
Feck wrote:I'm glad you have explained more economics to us because frankly I don't understand it :think:

Image
You should have done that, then :P
But...all the writing disappeared...
A straight woman would have answered him, no worries :biggrin:

The pic showed up again, so I'm going to assume that you replied or something....
...sorry, what..?
When I feel sad, I stop being sad and be awesome instead.
True story.
SUIT UP!
"Dear God, dear Lord, dear vague muscular man with a beard or a sword,
Dear good all seeing being; my way or the highway Yahweh,
The blue-balled anti-masturbator, the great all-loving faggot-hater
I thank your holy might, for making me both rich and white"

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Re: A lesson in economics: barriers to entry.

Post by FBM » Thu Aug 05, 2010 5:53 pm

Do what now?
"A philosopher is a blind man in a dark room looking for a black cat that isn't there. A theologian is the man who finds it." ~ H. L. Mencken

"We ain't a sharp species. We kill each other over arguments about what happens when you die, then fail to see the fucking irony in that."

"It is useless for the sheep to pass resolutions in favor of vegetarianism while the wolf remains of a different opinion."

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Re: A lesson in economics: barriers to entry.

Post by AnInconvenientScotsman » Thu Aug 05, 2010 6:33 pm

Well that was surreal...I was just...lost...in the...picture :smug: (Why is there no "totally out of it" smiley? I demand answers!!)
When I feel sad, I stop being sad and be awesome instead.
True story.
SUIT UP!
"Dear God, dear Lord, dear vague muscular man with a beard or a sword,
Dear good all seeing being; my way or the highway Yahweh,
The blue-balled anti-masturbator, the great all-loving faggot-hater
I thank your holy might, for making me both rich and white"

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Re: A lesson in economics: barriers to entry.

Post by klr » Thu Aug 05, 2010 7:18 pm

Listen up you lot, this is a serious matter. :toetap:

http://en.wikipedia.org/wiki/Barriers_to_entry

At least it was when I was doing my B.Comm degree way back when. :read:
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Re: A lesson in economics: barriers to entry.

Post by Coito ergo sum » Thu Aug 05, 2010 8:16 pm

maiforpeace wrote:
Coito ergo sum wrote: In the case of this little girl, to charge her $120 to sell lemonades on a sporadic basis does nothing to protect the public, essentially confiscates her operating revenues, and helps entrench larger competitors and free them up from competition.
Which is what my point was when I suggested you defended McDonald's right to do as they please - whether it's free speech in advertising or entrenching themselves and removing their competition through the financial power they own by lobbying, on the most part that's a system you have defended, no?
I supported McDonald's right to advertise its product. I oppose legislation that would stop that.
I support this little girl's right to advertise and sell her product. I oppose legislation that would stop that.

I don't get what you feel the contradiction is?

I never defended McDonald's right to "do as they please," except the same extent that everyone else can do as they please.
Coito ergo sum wrote: But, I do think it's stupid to charge little kids permitting fees to run a flippin' lemonade stand.
It was obviously an isolated case that the media jumped on for news. I just participated in a bake sale on a crowded street that made almost $1000 in revenues and we haven't been contacted by the state (yet).[/quote]

I'm not so sure about that. The article has a quote from the guy who runs the enforcement division that cited the girl. He defended the action, stating that the protection of the people is paramount. Somehow, he thinks collecting a $120 licensing fee does something to protect the people, and he made no reference to this being a mistake, an isolated occurrence that should not be repeated, etc. He said "the law is the law," basically.

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