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

It’s been a while since we have treated ourselves (and we hope you) to one of our occasional pieces on applying basic economic concepts to problems in higher education. It’s been a while since we have ...

First used in the 1930s by economists Edward Chamberlin and Joan Robinson, the term "monopolistic competition" refers to a market structure in which many businesses provide a product or service, but ...

Although most people think of markets for various products as being either monopolistic or competitive, the reality is that our economy is more complicated. Individual product markets tend to fall ...

Major IT government software contractors like Microsoft and Oracle routinely lock federal agencies into sole-source contracts using monopolistic methods that cost the taxpayers hundreds of millions of ...