Duopoly (Symmetric)

Two identical firms compete on quantity (Cournot). See how competition drives prices below monopoly levels.

2 firms, Cournot

Cost Advantage

One firm has significantly lower costs. See how cost leadership translates to market share and profit.

2 firms, Cournot

Bertrand Price War

Two firms compete on price with identical products. The Bertrand paradox: even two firms can drive price to cost.

2 firms, Bertrand

Three-Firm Oligopoly

Three firms with different costs compete on quantity. More competition means lower prices and higher consumer surplus.

3 firms, Cournot