Monopoly Markets

A monopoly is a market situation where there is only one seller.

See Monopoly for more info.

Duopoly Models

A duopoly is a market situation where there are two sellers, for each set of actions and reaction of the duopolist, there corresponds a solution. Thus there is no unique solution for duopoly equilibrium. The solution depends on the actions of one duopolist and the counter of another duopolist.^duopoly-definition

Consider some important Duopoly models:

  1. Quasi-Competitive Solution
  2. Collusion Model
  3. Cournot Model
  4. Stackelberg Model
  5. Kinked Demand Curve Model