MobLab
Instructions
Aa

Bertrand Competition

Video Instructions Powerpoint Template
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How to Play

Each firm in the market sells the exact same course notes for a difficult course. Each semester, each firm in the market simultaneously chooses its price. You choose a price by selecting a number, and then pressing the Set Price button.

Payoff Computation

Example

If firm 1 chooses $9 and firm 2 chooses $10:

Payoff = items sold x (price - cost)
Firm 1 = 1800 x ($9 - $2) = $12,600
Firm 2 = 0 x ($10 - $2) = $0
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