Routledge The Economics of Competition: Race to Monopoly - Routledge

The Economics of Competition offers a rigorous examination of how competition and innovation reshape market dynamics in free economies. Using the South African pharmaceutical industry as a detailed case study, this Routledge publication challenges conventional economic and regulatory perspectives on competition and monopoly. The book re-establishes foundational economic principles whilst exploring the self-limiting nature of monopoly within unrestricted competitive markets. It comprehensively analyses market features including competition mechanisms, innovation drivers, and market power dynamics, providing essential insights for understanding how competitive forces naturally constrain monopolistic behaviour and create opportunities for new entrants and innovators.