Perfect Competition Simulator

This section examines different types of market environments, ranging from perfectly competitive markets to monopolies and strategic oligopolies. Perfect Competition Simulator turns that idea into something you can manipulate directly and watch respond.

This section examines different types of market environments, ranging from perfectly competitive markets to monopolies and strategic oligopolies. It focuses on Perfect Competition, Monopoly, Oligopoly, Game Theory, Nash Equilibrium from the “Market Structures and Competition” section.

The sliders change the key inputs; the “Simulate Time” button run actions or reset the demo. Every change updates the visualization in real time, so you can see exactly how each variable affects the outcome.

14.01 Principles of Microeconomics is an introductory undergraduate course at MIT that provides a foundational understanding of economic analysis. The course explores how individual economic agents—consumers and firms—m… This demo is the interactive piece for the “Market Structures and Competition” section. Open the full 14 01 Principles Of Microeconomics Fall 2018 course wiki at https://www.getlykke.com/explore/public/14-01-principles-of-microeconomics-fall-c9db27b0-c48b-44cd-b5ce-76fe7a34729f for notes, flashcards, quizzes and the other demos.

You'll build intuition for Perfect Competition, Monopoly, Oligopoly, Game Theory, Nash Equilibrium — and, crucially, see how they behave when you change the inputs, which is hard to get from a textbook or lecture on 14 01 Principles Of Microeconomics Fall 2018 alone.