Do you have what it takes?
You are an entrepreneur who sets up a small business to provide fresh and healthy beverages to the public. Through the different stages of the game your decisions will change, as become more complex. Your ultimate goal is to maximize your profits and learn about pricing strategies, market equilibria and strategic interaction.
Market: Monopolistic Competition
Firms take the prices charged by their rivals as given and ignore the impact of their own prices on the prices of other firms. Monopolistic Competition involves a great deal of non-price competition, which is based on subtle product differentiation.
