Monopoly App
A single firm faces the whole market demand and chooses its quantity. Set the cost function and demand, then choose the firm's quantity or jump to an equilibrium.
Cost function
TC = FC + c·q + d·q²
AC = FC/q + c + d·q
MC = c + 2d·q
$
$
Market demand
P = a − bq
MR = a − 2bq
Firm
Firm
The only firm in the market. It chooses the quantity, and the price comes from demand.
- Profit
- Price
- Revenue
- Total cost
- Average cost
- Marginal cost
- Marginal revenue
- Deadweight loss