Routledge - The Economics of Competition: The Race to Monopoly

Explore the complex dynamics of the free market with The Economics of Competition: The Race to Monopoly. Published by Routledge, this book provides a deep look at how competition and innovation work together to level the playing field. By using the South African pharmaceutical industry as a specific case study, the text challenges standard economic and regulatory views on monopoly power. Readers will learn how foundational economic principles apply to modern markets. The book explores the idea that monopoly is often self-limiting when faced with unrestricted competition. It covers essential market features including innovation, market power, and the ways new developments can disrupt established players. This text is a valuable resource for those studying how market forces shape the global economy.