Learn why perfect competition leads to no long-term economic profits and how it serves as a key benchmark for analyzing ...

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

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 ...

A solid understanding of economics and finance can give small-business owners a leg up in managing their companies. Competition between different firms is a major topic in economics that is also of ...

Founded in 1933 by a group of young British and American economists, The Review of Economic Studies aims to encourage research in theoretical and applied economics, especially by young economists.