Monday, 28 July 2008

Stingray time

Today, I went for geog talk instead of PE.

After that, went to newton circus with XR.

We walked.

And walked.

And walked.

And walked.

And walked.

When we reached, there were so many stalls offering stingray.

So, we walked.

We walked.

And walked.

And walked.

And walked.

And walked.

And compared prices.

I think it's an oligopolistic market in that area.

Few large sellers.

Identical products / Slightly differentiated.

Barriers to entry.

Imperfect knowledge.

Price rigidity (all the price is about the same).

We finally decided to go for Heng Heng stall.

Ordered BBQ stingray, tom yum soup, rice and sugar cane drink.

Yum-yum.



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