Friction #1: Perfect competition is a chimera. Let’s settle for imperfect.

Subscribe to read this story
We publish over 500 original, detailed stories every year on startups, corporates, stock markets and economic current affairs.
$99 for one year
Not ready to subscribe? Sign up for a free account
We value our free readers. Read 100+ stories every year.
More in Business
You may also like
Answering the growth question
Growth is a popular subject that often comes up in discussions between recruiters and candidates across business schools. This is a handy guide to discussing the subject in a holistic, real-world sense.
The US is taking a new antitrust approach to Gen AI
The country’s iron-fisted attitude to antitrust issues surrounding Big Tech’s use of generative artificial intelligence could have wide-ranging implications.
Is Google’s Play Store charge evil or monopolistic?
Despite the large number of internet users in India, the vast majority don’t have the ability to pay. Google’s Play Store charge could push several internet companies out of business.