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

Perfect competition is theoretical. Understand how to identify real-world barriers, and explore how economists view its ...

Perfect competition did a good job explaining buyer and seller behaviors in big city farmer markets in the late 1800s. But today, even absent a living example of a perfectly competitive market on ...

As a small-business owner, you're probably an avid reader of financial and economic news. And like many of your colleagues, you probably scratch your head over some of the headlines you read about ...