Casting a glance at the current economic landscape in many sectors of the economy around the world reveals the presence of large conglomerate or mega-business, particularly in the banking and information technology sector. While conventional economic thinking posits that superior products help...

Unlike bus and rail operators, the nature of telecommunication service meant that small players in the market cannot start small. Specifically, a 4G telecommunication line for voice call and short message service must work everywhere in the defined geographical locale. This means that whatever...

Perfectly competitive market is often used in economics textbook as an idealized model for understanding microeconomics issue. But, is it realisable in practice, and crucially, under what kind of scenario and condition? The answer is: perfectly competitive market does not exist in most market...