The model of perfect competition is one of the most famous, most important, and most misunderstood concepts in … economics. Rather than aiming to be a full-blown model of real-world competitive markets, the perfect competition model isolates … only feature of market competition, but it plays a central role regarding to its virtues, and understanding the working …

extent of competition from substitute products. I estimate that, in 2019, public corporations produced consumer surplus in …

programming. Competition for viewers of the demographics most desired by advertisers implies that programming choices will be … too extreme as broadcasters strive to avoid ruinous subscription price competition, but strong advertising demand may lead … to strong competition for viewers and hence minimum differentiation (“la pensée unique”). Markets (such as newspapers …

competition in the market of the advertisers' products may decrease the accuracy of the media outlet's reports. …

correlation in products' qualities, an increase in the degree of competition may translate into a lower accuracy of news reports …; iii) A sufficiently high degree of competition in the market for news drives out commercial media bias. …