Welcome to Rye Country Day's Economic Blog. Here you will find perspectives by students taking Economics at Rye Country Day School. It is meant to be a forum where students can openly express their ideas and take positions on relevant economic issues. I urge everyone to participate in presenting their own ideas in an open manner so that we can all learn from each other. Regardless of whether you are currently taking Economics, everyone is invited and encouraged to comment on articles and get involved. Feel free to e-mail me, Alex Osborne at firstname.lastname@example.org , with comments or suggestions.
Thursday, January 4, 2007
Featured Entry - Monopoly on Athletic Center Apparel
You know what grinds my gears? Walking into the athletic center's gym in blue gym shorts and a white T-shirt, and within 5 minutes of my arrival on the bench press, Mr. McGhee comes up to me and kicks me out after chastising me for not wearing the correct attire. Apparently, the proper gym attire consists of blue and grey RCDS clothing AND if signed up for fitness center you can receive a detention if you don’t have the right stuff to wear. Now at first this might seem pretty acceptable. But, is it acceptable for an institution to force its subjects to wear products that can only be bought through them? Doesn't this sound like an extreme monopoly where not only is there one supplier of the good we need but that supplier is forcing us to buy that good or go to detention. Rye Country Day School has an illegal monopoly on acceptable athletic apparel. Every overpriced $20 shirt we buy, they collect a handsome profit. While the whole time we could be walking into Costco and getting 10 shirts for the same price