Discover how monopolistic markets like utilities function in the U.S. Learn about the historical and modern monopolies that shape today's economy and prices.

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 ...

Businesses don't operate in a vacuum; they are often influenced by external factors such as the state of the economy, shifting buyer trends and even natural disasters. There are infrastructures in ...