tutor2u Economics on Instagram: "areas even 5p as Aldi and Lidl battle for the festive “big shop.” Meanwhile, Tesco, Sainsbury’s and Morrisons match these ultra-low prices but only for loyalty-card customers. It’s classic loss-leading: retailers sacrifice profit on Christmas staples to boost footfall, maximise the basket, and tempt shoppers into buying high-margin extras — the true spirit of turkeynomics. #ChristmasEconomics #PriceWar #LossLeading #SupermarketCompetition #RetailEconomics #Alevel
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tutor2u Economics on Instagram: "areas even 5p as Aldi and Lidl ba…
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tutor2u Economics on Instagram: "What gives a firm the power to push prices higher without losing customers? In this youtube short, Geoff Riley explains monopoly power — from the lack of close substitutes to the consumer “lock-in” seen in ecosystems like Apple’s iOS. #MonopolyPower #MarketPower #SupernormalProfit #EconomiesOfScale #PriceSetting #MarketDominance #AlevelEconomics #Tutor2uEconomics #GeoffRiley #Microeconomics #iOSEcosystem #PED #MonopolyDiagram #CompetitionPolicy #BarriersToEntry #
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