🥖 Joe's & Mary's Bakeries

Exploring Different Models of Oligopoly Competition

Select a Competition Model:

Simultaneous quantity-setting duopoly with best-response curves Sequential quantity game; Joe leads and Mary follows Price competition with homogeneous goods; price driven to marginal cost Price competition with differentiated products; firms retain market power

The Scenario

Joe and Mary each own a bakery in a small town. They simultaneously choose how much bread to bake. Each takes the other's quantity as given and picks the quantity that maximises their own profit — this is the Cournot model.

Graph description will update here.

Equilibrium Outcomes

Model Comparison (current marginal costs)
Model Q P Joe's Profit Mary's Profit Total Profit

What's happening?