Market structures for the proposed combined algorithm
| Product differentiation | |||
|---|---|---|---|
| Market power | Low | Medium | High |
| Low | Perfect | Perfect | Monopolistic |
| Medium | Perfect | Monopolistic | Monopolistic |
| High | Monopoly | Oligopoly | Oligopoly |
| Product differentiation | |||
|---|---|---|---|
| Market power | Low | Medium | High |
| Low | Perfect | Perfect | Monopolistic |
| Medium | Perfect | Monopolistic | Monopolistic |
| High | Monopoly | Oligopoly | Oligopoly |
Source(s): Authors’ own work
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