Entrepreneur Of The Day

 Posted by on 5 October 2009 at 1:00 pm  Economics
Oct 052009

This is a classic example of the Law of One Price in action:

Man Goes Into Business Delivering Costco To Overpriced NYC Neighborhoods“:

Groceries on the Upper East Side and Upper West Side of Manhattan are expensive. How expensive? One guy with a truck has started a business delivering cheaper groceries. One catch, he doesn’t own a grocery store. He will go to Costco, where items cost a fraction of their Manhattan prices — and split the savings with you.

He requires that you live in a doorman building and that the savings add up to at least $40 — which shouldn’t be hard based on his estimates.

(Via Marginal Revolution.)

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