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Dominant Firms, Barriers to Entry Capital and Entry Dynamics

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Figure

Figure 1: Entry-Deterring Capital and Market Share s 0 E1highhigh
Figure 2: Entry-Deterring Investment-Capital Dynamics = 0E& = 0x&x E
Figure 3: Market Share and Price 0 1p(0)=pc p(1)=pmpp(s)s
Figure 4: Welfare Loss d [p(s * )] s d [p(s * )]p(s*)p(0) deadweight lossconsumer s surplusproducer s surpluspc= cpp(1) 0
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