Monopolistic competition features many businesses offering similar, differentiated products. This market structure benefits both consumers with varied choices and businesses via low entry barriers.

Perfect competition is a theoretical model with many buyers and sellers offering identical products. In this model, firms cannot influence prices and make zero long-term profit due to free entry and ...

A doping saga that has rumbled on since the 2022 Winter Olympic Games finally reached a conclusion on Monday. Russian figure skater Kamila Valieva received a four-year ban from competition and saw her ...

Paul Blacklow is affiliated with Economic Society of Australia. This article is part of The Conversation’s “Business Basics” series where we ask experts to discuss key concepts in business, economics ...

Competition is a critical element of our society. It exists in nature and it is a cornerstone of our economy, but there’s a lack of consensus among psychologists as to whether competitiveness is ...

To wind up its three-month investigation of steel-pricing policies, the Senate Antitrust and Monopoly Subcommittee last week put on the stand former Treasury Secretary George M. Humphrey, now chairman ...

Politburo says the economy still faces many risks and challenges Top leaders signal they will rein in price wars among firms Pledge to maintain accommodative monetary policy, but no mention of rate ...