In microeconomics, competition is a key process necessary to bring each individual and the society, as an aggregate of individuals, to the best possible state of being. However, the harmonious notion of the neoclassical model that's based on this conception of free competition stands only by making an implicit assumption that the status quo is always available, that individuals always have the ability to reject propositions detrimental to their interests - which just isn't so in reality. Using basic principles and charts rather than complex mathematics, this book posits a major breakthrough...