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.

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 ...

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 ...

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 ...