Episode 128: Friend or Foe?
Why do businesses selling the same thing crowd around each other rather than strike out on their own?
To answer that question, Adam Davidson and Chana Joffe-Walt walk through some New York City neighborhoods – the diamond district, the plant district, the chess district — where store after store sells the exact same thing.
Download the Planet Money iPhone App.Music: Busta Rhymes' "Hustler's Anthem 09." Find us: Twitter/Facebook/Spotify/ Tumblr. Note: This podcast originally aired in December, 2009.
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