Explore the main factors affecting competition in microeconomics, including product differentiation, barriers to entry, and the role of market structures.

In micro-economic textbooks, the main factor assumed to affect the quality of a market is the number of sellers. A single seller, termed a monopolist, is the worst because that seller has maximum ...

Discover the unique traits of monopolistic markets, their historical roots, and the economic effects, including price setting ...

It doesn’t matter what country you are in, regulators always seem to be reworking rules to make their markets better. The problem is that, often, different market objectives (and their solutions) ...

Retail competition enables end-users—residential, commercial, and industrial customers—to choose their electricity supplier and related services. This usually fosters competitive pricing, diverse ...