When government agencies or heavily regulated industries are insulated from market competition, the incentives to offer better service and lower prices, along with the incentives to innovate, upgrade ...

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.

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

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 ...