"Oligopoly" - An In-Class Economic Game

Publication: Journal of Economic Education

Volume: Volume 30, No. 4

Issue: Fall 1999

Pages: 383-391

Author(s): J. Patrick Meister (Butler University)

Address (Principal Author):J. Patrick Meister, College of Business, Butler University, 4600 Sunset Avenue, Indianapolis, IN 46208, 317-940-9761, fax: 317-940-9455

Internet Address (Principal Author):pmeister@butler.edu

Title: "Oligopoly" - An In-Class Economic Game

Abstract: A class room game allows students to learn some principles of oligopoly in a hands-on manner. Students learn about profit maximization conditions, and that attempts to maximize market share can be damaging to profits. Extra credit is awarded for the game, based on the average profit the individual earns over the course of the game.