Price competition is one of many ways that a product or service can compete in the marketplace. In price competition, two products which are substantially similar are judged by prospective consumers ...

In market economies, there are a variety of different market systems that exist, depending on the industry and the companies within that industry. It is important for small business owners to ...

ABSTRACT Under ideal market conditions, competition among producers of a commercial good can drive down prices. The market for pharmaceuticals, however, is inefficient in many ways, leading to rapid ...

World Review of Political Economy, Vol. 15, No. 2 (Summer 2024), pp. 291-327 (37 pages) The existence of long-run profitability differentials in market economies is a fundamental question that all ...

AMERICAN WASHING-MACHINE makers received a parting gift from President Donald Trump. Days before leaving office, he extended tariffs on imported machines by two years. The move was a victory for ...