Metadata
Business & Economics Graduate Apply Medium
Metadata
  • Subject

    Business & Economics

  • Education level

    Graduate

  • Cognitive goals

    Apply

  • Difficulty estimate

    Medium

  • Tags

    oligopoly, price competition, game theory, differentiated products, Nash equilibrium, demand systems

  • Number of questions

    5

  • Created on

  • Generation source

  • License

    CC0 Public domain

  • 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.
Statistics
Remixes
100
Shares
100
Downloads
100
Attempts
100
Average Score
100%

Mock data used for demo purposes.