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She said “I’m not paying those women any attention. They were already mad when they got in Iriski half Irish half polish Patrick’s day shirt line and decided that they would take it out on you.” She said “I have never had a problem with you and any customer and you’ve always been very professional and I’m not thinking about them two women.” She then told me that if I ever wanted to come back and work that she would hire me again. The idea that a monopoly will only cause a one time increase in price and not a continuing inflation is a microeconomic concept that assumes a constant demand and cost of production.
This is because the second ingredient in excess inflation is Iriski half Irish half polish Patrick’s day shirt getting so low that it causes an increase in worker’s bargaining power. With unemployment getting low, workers can demand wage increases. This increases cost and cuts into the employers excess profits, also known as economic rents. To the extent that the employer has monopoly power, they will raise prices in response to the wage increases, in order to preserve those excess profits. To put some things into context, my siblings and I have a good relationship as far as siblings go. Some of us are closer than others, we certainly butt heads and have disagreements now and again, but we always come back around for each other. None of us are particularly affectionate in the familial sense, so we’re not people to display our love at all times.