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Seinfeld Economics: The Maestro
by Linda Ghent `

Barriers to entry are conditions or circumstances that make it very difficult or unacceptably costly for outside firms to enter a particular market to compete with the established firm or firms that are already selling the good or service involved.

Monopoly power is the ability of a firm to alter the market price of the good or service it sells.

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This Commentary is related to the following Clips:
Seinfeld: The Maestro by Larry David & Jerry Seinfeld (1995) Kramer has sneaked coffee into a theater, where he spills it on himself. While consulting with his lawyer, Jackie Chiles, they discuss the theater's monopoly on concessions. (This is a great place to discuss David Friedman's and Steven Landsburg's take on why movie theater popcorn is so expensive.)