Metadata
Business & Economics Graduate Apply Medium-
Subject
Business & Economics
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Education level
Graduate
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Cognitive goals
Apply
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Difficulty estimate
Medium
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Tags
oligopoly, price competition, game theory, differentiated products, Nash equilibrium, demand systems
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Number of questions
5
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Created on
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Generation source
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License
CC0 Public domain
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Prompt
Assess students' ability to apply game-theoretic models to derive and analyze pricing equilibria in differentiated-product oligopolies. Scope includes static and dynamic price competition (Bertrand with horizontal/vertical differentiation, Hotelling), use of demand systems (logit, CES), best-response functions and Nash equilibrium existence/uniqueness, potential mixed strategies, and tacit collusion/price leadership. Tasks require deriving first-order conditions, solving for equilibrium prices, conducting comparative statics, and interpreting effects on profits and welfare; algebraic and graphical analysis with calculus-based reasoning is expected.
Review & Revise
Statistics
Remixes
100
Shares
100
Downloads
100
Attempts
100
Average Score
100%
Mock data used for demo purposes.