A monopoly occurs when one entity controls a market, limiting competition and choice. Monopolies can negatively impact innovation and consumer options, raising prices. Understanding monopolies helps ...

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

Can a company be monopolistic even though it does not exclude competition? Last week the U.S. Supreme Court said yes. In a unanimous decision which greatly broadened the definition of monopoly, the ...