7-2 Simulation Discussion: Oligopolies

Good evening as prior assignment I need you to play the game on my class and used to complete this assignment. please go in to my school class as you did before. Thank you. https://learn(dot)snhu(dot)edu/d2l/login. - ask support Cournot Simulation Instructions: Before playing the simulation in this module, click the link above to access and review the instructions for the simulation. These instructions are provided as a video or as a PDF. Review both formats to have a full understanding of how the game plays out. The simulation will start playing as soon as you click on the link and will run its course, whether you actively play or not. The simulation will last 5 minutes. Make sure to play the simulation when you have 5-10 minutes available without interruption. Once you have read the instructions and complete the simulation, take a screenshot of the results of the simulation to share in the discussion forum. 7-2 Simulation Discussion: Oligopolies NOTE THAT A CUSTOM RUBRIC IS USED FOR THIS DISCUSSION. An oligopoly is a market structure in which only a few sellers produce similar or identical products. Oligopolies are price-setters and can collude to behave like a monopolist. First, play the simulation game Cournot in the MindTap environment. In this discussion, you will share your experiences playing that game. Your work in this discussion will directly support your success on the course project. In your initial post, include the image (screenshot) of your simulation report in your response. Then, address the following questions: What are the main features of an oligopolistic market? How do oligopolies set their prices? Explain how you can distinguish a firm in an oligopolistic market from one in a monopolistic competitive market. Provide examples to illustrate. In your responses, comment on at least two posts from your peers by providing examples from the news of oligopolistic markets. Compare and contrast with examples of monopolistic competitive markets. To access your simulations, click the simulation link found in the module.