An oligopoly is a market structure in which only a few sellers produce similar or identical products. Oligopolies are price-setters and can collude to behave like a monopolist.
First, play the simulation game Cournot in the MindTap environment. In this discussion, you will share your experiences playing that game. Your work in this discussion will directly support your success on the course project.
In your initial post, include the image (screenshot) of your simulation report in your response. Then, address the following questions:
What are the main features of an oligopolistic market?
How do oligopolies set their prices?
Explain how you can distinguish a firm in an oligopolistic market from one in a monopolistic competitive market. Provide examples to illustrate.
In your responses, comment on at least two posts from your peers by providing examples from the news of oligopolistic markets. Compare and contrast with examples of monopolistic competitive markets.
Category: Microeconomics
-
Title: Exploring Oligopolies through the Cournot Simulation Game
-
“Driving Economic Growth: The Impact of Entrepreneurs in the United States and Beyond”
I have attached a full rubric for the paper
Must include 15 articles
“The Role of Entrepreneurs in the United States economy & Globalization”
(can be this topic OR one of the other two examples presented on the rubric)
Must be 10 full pages plus cover page and citation page
citation can be MLA, APA, or chicago style
THANK YOU!!!! -
Title: “The Winners of Market Growth: Examining the Effects of Market Entry and Monopolistic Competition”
As markets grow in size who benefits?
In answering this questions please reference the material covered in Ch. 11: Market Entry and Monopolistic Competition. This is a short answer question so please limit your answer to few lines. Use the submission link to type your answer or attach a Word Doc file.