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

Paul Blacklow is affiliated with Economic Society of Australia. This article is part of The Conversation’s “Business Basics” series where we ask experts to discuss key concepts in business, economics ...

To wind up its three-month investigation of steel-pricing policies, the Senate Antitrust and Monopoly Subcommittee last week put on the stand former Treasury Secretary George M. Humphrey, now chairman ...