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The Mutual Fund Industry: Competition and Investor Welfare Page xi (11 of 252)
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Figures
figure 4.1a Simulation Results: Changes in Relative Costs,
Fees, and Goodwill 76
figure 4.1b Simulation Results: Changes in Relative
Market Shares 77
figure 4.2a Simulation Results: Changes in Relative Costs,
Fees, and Goodwill 78
figure 4.2b Simulation Results: Changes in Relative
Market Shares 79
figure A4.1 Economies of Scale: Short- Run and Long- Run
Cost Changes 166
