Author: Scientific Strategy

Shows how a Market Simulation Loop can be used by a Monopoly to find the Revenue Maximizing Price.

Explores what happens when two Competitors are simultaneously trying to find the Profit Maximizing Price of Undifferentiated Commodity Products.

Example of how to model a Competitive Price War within a Category of highly differentiated ‘Orthogonal’ Products.

Models a Competitive Price War when two Differentiated Products are Price Optimizing different goals: one Competitor seeking to maximize Revenue, the other Competitor seeking to maximize Profit.

Follows the Commoditization process as Products shift from differentiated to undifferentiated, and the Market shifts from Monopolistic Competition to Perfect Competition.