We describe a computerized experiment which can be used to introduce students to imperfect competition in courses on … thinking in general, the experiment serves to demonstrate that firm profits fall as the number of competitors is increased in a … market, and that firms enter profitable markets. The authors have used the experiment in undergraduate classes on strategy …

mechanism of this coordination is valuable for economic thinking and economic theory. However, the implications of the perfect … original economic theory of contestability defines very strict conditions for perfectly contestable markets, antitrust has …