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 ...

The entry of new firms intensifies competition among existing firms. With more players in the market, firms must strive to improve efficiency, reduce costs, and innovate to maintain their market share ...

Unlike perfect competition, where numerous small firms compete with identical products, imperfect competition is ...

Competition with other firms is a key aspect of running a business of any size, from a brand new venture to a large corporation. In competitive markets, companies have to fight over the business of ...