It may be hard to believe, but competition is good for you. It drives innovation, inspires perseverance and builds team spirit. And that's not all. Many times, the presence of competition ...

Unlike perfect competition, where numerous small firms compete with identical products, imperfect competition is characterized by fewer firms, differentiated products and barriers to entry.

Collectively, these views reveal the central parameters of the current debate on U.S.-China competition. Wide-ranging though ...