ECO 201 Week 7 Discussion | Southern New Hampshire University
- southern-new-hampshire-university / ECO 201
- 04 Jul 2022
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- Accounting & Economics Assignment Help / Macroeconomics
ECO 201 Week 7 Discussion | Southern New Hampshire University
7-2
Simulation Discussion: Oligopolies
NOTE
THAT A CUSTOM RUBRIC IS USED FOR THIS DISCUSSION.
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 of
your simulation report in your response. See the How
to Submit a Simulation Report Image PDF document for more information. 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.
To access your simulations, click the
simulation link found in the module.
USA 
India