The High Price of Popcorn

Source: American Institute for Economic Research
by Anthony Gill

“Summertime is the season of the blockbuster movie. And what could go better with a fast-paced action flick than a giant tub of buttered popcorn? People everywhere are starting to return to pre-lockdown lives, which includes heading out to the local Cineplex to see a movie … any movie! But when they arrive, they indubitably will complain about the high price of popcorn. ‘Movie popcorn is too expensive!’ my students shout. Not surprisingly, this grousing feeds the growing belief that businesses exist just to rip us off. Fortunately, the ‘high’ price of popcorn provides a great opportunity to teach economic literacy and show that entrepreneurs are really helping us.” (07/15/21)