Economics · Microeconomics

Market Structures Live - From Perfect Competition to Monopoly in Four Rounds

A four-round microeconomics lab. Same coffee, same marginal cost, four market structures: perfect competition, monopolistic competition, oligopoly, monopoly. Watch price, output, profit and consumer surplus shift dramatically.

4 rounds MBA & Masters English, Español
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Preview

Who it is for

An intermediate simulation for participants who already know the core concepts of the subject, designed for master's and MBA programmes.

How a session runs

  1. The instructor creates a session from the Eureka dashboard and invites the participants.
  2. Participants play 4 rounds. In each one they submit their decisions and the simulation calculates the results.
  3. The simulation can be run in English, Español.
  4. The instructor follows each participant's progress and results from the dashboard, and uses the class results for the debrief.

Decisions participants make

The decisions participants make during the simulation:

  • Cups to brew (0 - 2,000)
  • Differentiation move
  • Your price (€1.50 - €4.00)
  • Your pricing strategy
  • Collude €3.20 Hold the high price tacitly. Big payoff if all three hold.
  • Undercut €2.80 Steal share from rivals who hold high. Risky if everyone does it.
  • Match the market €2.80 Adopt whatever low price your rivals adopt. No pricing leadership.
  • Your monopoly price (€1.50 - €5.00)

What participants track

What participants follow on screen as the rounds go by:

  • Perfect Competition - 1 of 50 Sellers
  • Your Decision This Monday
  • The Four Mondays - Side by Side
  • Price across the four structures
  • Weekly profit across the four structures

Subjects covered

Designed for courses in Microeconomics.

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