Why do large companies sometimes lobby for regulation in their own industries? When major crypto exchanges advocate for licensing or tech companies urge regulation of artificial intelligence, the ...

Mirroring the introduction of generic drugs to compete with branded small-molecule drugs, policymakers created a path for approval of “biosimilars” to reduce prices by competing with branded biologics ...

Learn the difference between a monopoly and an oligopoly, both being economic market structures where there is imperfect competition in the market.

Discover the unique traits of monopolistic markets, their historical roots, and the economic effects, including price setting ...