(A) Fish, Food, and Legal Sea Foods Listen to the Econtalk
(A) Fish, Food, and Legal Sea Foods Listen to the Econtalk podcast… (A) Fish, Food, and Legal Sea Foods Listen to the Econtalk podcast interview, “Roger Berkowitz on Fish, Food, and Legal Sea Foods.” https://www.econtalk.org/roger-berkowitz-on-fish-food-and-legal-sea-foods/ 1. Why did Berokowitz’ family eventually go into the fish market business? 2. Berkowitz learns that he is in the “fish business” and not actually the restaurant business. Explain what he means by R-O-G. 3. Berkowitz states that “My business is fish It’s sourcing, handling, and value adding.” What sorts of tests does he put his products through? 4. Why is Berkowitz critical of the “Seafood Watch” list and the National Oceanic and Atmospheric Administration? 5. Why is sonar a better technology for fish assessments? And why did the Federal government choose not to use it? 6. Berkowitz could have vertically integrated his business… He states that fishmen are conservationists at their core… People are willing to pay more for a good product. What sorts of things must he know about the fishermen he does business with? 7. What are the benefits of nitrogen in commercial freezers? How does it differ from technology used in the past? 8. Berkowitz is asked, “How do you decide what portion to serve,” what are customers/millennials/boomers really looking for in terms of portion size? 9. Why does Berkowitz refer to his restaurants as a “group” rather than a “chain?” (B) How was De Beers able to control the world price of diamonds even though it produced only 45% of the world’s diamonds?Explain two or more factors that ended the monopoly. What is its new strategy for earning(short run)economic profit, rather than normal profit? (C) Given what you know so far, what are your main takeaways about De Beers and monopolies in general? file:///C:/Users/User/Downloads/De%20Beers%20-%20Are%20Monopolies%20Forever.pdfBusiness Economics Macroeconomics ECON 0001B
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