Market power refers to a firm's ability to influence the price, output, or other market conditions in its favour, without being constrained by competitive forces. Firms with significant market power ...

While monopolies often attract criticism for their negative effects on markets and consumers, there are several potential advantages that a monopoly can provide under certain circumstances. Here are ...

Price-fixing cartels often collapse due to internal and external pressures that make it difficult to sustain coordinated behavior over time. These pressures include the temptation to cheat, market ...

Monopoly power allows a single firm to dominate a market, giving it significant control over pricing, supply, and market conditions. While monopolies can sometimes drive innovation and efficiency, the ...

The main difference between horizontal collusion and vertical collusion lies in the relationship between the firms involved and their positions in the supply chain. Here's a detailed explanation of ...

This study note looks at the importance of non-price competition in an oligopoly. Non-price competition refers to strategies that firms use to compete without changing the price of their goods or ...

How successful has the HPV vaccine been in England? Using this OurWorldinData graph, (you may need to scroll down to find 'Cervical Cancer rates declined in England... ), then answer the following ...

The UK music industry is hitting the high notes economically, but beneath the headlines of record-breaking revenues lie significant challenges that could disrupt the rhythm of this vibrant sector. The ...

Here's our weekly politics news quiz! There are 8 multi-choice questions about news events relating to politcs from the previous 7 days. Most of the questions are about the UK but some may focus on ...

Executive pay is in the spotlight again, with the news that despite the slump in Asos' share price, its Chief Executive is going to get a 44% pay rise, despite its share price having fallen by 60% ...

Pizza Hut is trying to find ways of adjusting to the higher employer National Insurance Contributions and the higher NMW it needs to pay after the Budget. The rise in NICs from 13.8% to 15%, combined ...

In 2024, the UK's poverty rates have reached their highest levels since the turn of the century, marking a distressing milestone for one of Europe’s largest economies. According to a new report from ...