Session Configuration

Configure Your Market Scenario

Select a market structure, set the parameters, and run the Polyverse land market simulation.

The Sole Sovereign — Monopoly

In the northern reaches of Polyverse, Lord Auric owns all 50 hectares of the fertile Goldmere Flats. Every buyer must negotiate with him alone.

A monopolist maximizes profit where MR = MC, producing less than the competitive outcome and charging a markup above marginal cost.

Market Participants

Number of Customers

Total buyers in the Polyverse land market (affects demand scale)

Demand Function: P = a − b·Q

P = 500 − 2·Q

Demand Intercept (a) — ₱

Maximum willingness to pay (choke price)

Demand Slope (b) — ₱/ha

Price sensitivity per additional hectare sold

Cost Structure

Marginal Cost (MC) — ₱/ha

Cost to prepare and transfer each additional hectare

Fixed Cost (FC) — ₱/firm

Sunk costs of land registration, surveying, and administration

Results will appear on the next screen

Demand Curve Preview

Choke Price

₱500

Comp. Q

210.0 ha

Key Formulas

Monopoly Q*(a − MC) / 2b

Cournot n-firm Q*n(a−MC) / (n+1)b

Lerner Index(P − MC) / P

Consumer Surplus½(a − P*)·Q*

Deadweight Loss½(P*−MC)·(Qc−Q*)

Classroom Tip

Run all three scenarios with the same parameters to see how market structure alone changes equilibrium. Visit the Market Comparison Dashboard to see side-by-side outcomes.