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 ...

Critics of free markets often assert that those of us who favor unhampered markets base our support on a pretty unrealistic model of how a competitive market works. In short, they say our faith in the ...

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 ...