EconExperiments
- Monopoly and Price Search
| Discussion forum--- Please leave your valuable comments or questions here! | |||
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Monopoly | ||
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Price Searcher | ||
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Marginal Cost | ||
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Marginal Revenue | ||
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Each student is a monopoly facing different cost information. They have 10 rounds to search for their profit-maximizing price. Teacher has all the demand information to response to the price set up by each monopoly. The one earns the highest profit wins. | ||
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Students experience how a monopoly searches for its profit-maximizing price in real life. | ||
Teaching Materials:
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