In business, competition and monopoly lie at opposite ends of the spectrum. Monopolistic competition sits somewhere between them. It's a situation where you have competitors, but you're distinctive ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

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

In the fight against unfair marketing practices, businesses operating in Russia would be well advised to understand the correlation between unfair advertising and unfair competition and to take ...

Conduct that violates the antitrust laws usually lessens competition and increases market power. But some conduct increases market power without lessening competition. Examples, some suggested by past ...

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