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Investing 5: Bubbles, Bikes, & Biases

Planet Money Summer School

CHAPTER

Bicycles for the Future

When american mass maide bikes entered the market in 18 90 seve it was basically like the entire british bicycle business had ridden over a nail. There were some sort of unofficial collusion between the british companies where they agreed to just compete on quality. So part of the puzzle was that even though there were many more companies making bikes, increasing the supply to more than matched demand, none of them cut their price as much.

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