|I'll get you there for $14.95!|
|Subject||New bus lines offer competition to entrenched firms like Greyhound|
|Topic||Monopolistic Competition; Profit maximization and the firm|
bus travel; Chinese competition; Greyhound; competition; price, revenue
New immigrant businesses are going head-to-head with American icons. Greyhound has just reduced its fare for its Boston-New York run to $15--it had to, since Lucky Star Travel, a Chinese business, had been charging $15 for some time.
|Source||Barry Newman. "On the East Coast, Chinese Buses Give Greyhound a Run." The Wall Street Journal, 28 January 2005. A1+.|
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