Perfect competition is a theoretical model with many buyers and sellers offering identical products. In this model, firms cannot influence prices and make zero long-term profit due to free entry and ...

In micro-economic textbooks, the main factor assumed to affect the quality of a market is the number of sellers. A single seller, termed a monopolist, is the worst because that seller has maximum ...

There’s a moment every trader experiences—often early, sometimes after a string of losses—when they realize price alone isn’t ...

As a small-business owner, you're probably an avid reader of financial and economic news. And like many of your colleagues, you probably scratch your head over some of the headlines you read about ...

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 ...

My most recent article failed to fully explain my idea of the contribution of financial futures to the evolution of financial market structure. It is easy to misinterpret that article as an argument ...