Learn what a price taker is, see examples in competitive markets like grain and oil, and understand how they differ from price makers in economics.

Earlier today, in an open letter to President Donald Trump, we joined with more than 150 economists from universities, think tanks, and businesses across the country to urge the president to conf ...

W. H. Malcolm saw pre-tax profit dip in 2024, despite improved turnover, thanks to "challenging and competitive" market ...

The recent targeting of competition authorities by free market critics overlooks their essential role in regulating monopolies and fostering economic growth. This article explores how these ...