Material Detail

Monopoly gas station

Students predict then calculate and graph profit-maximizing the price for an isolated, desert monopoly gas station. Then using data on demand and cost, they find the profit maximizing price and graph the result.

Keywords:: Markets, NSDL, Education, Demonstrations

Disciplines:

Business / Marketing

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More about this material

Material Type:: Simulation
Date Added to MERLOT:: July 27, 2016
Date Modified in MERLOT:: June 26, 2021
Author:: Mark Maier
Submitter:: Barbra Bied Sperling

Primary Audience:: College Lower Division, College Upper Division
Technical Format:: Website
Mobile Compatibility:: Not specified at this time
Language:: English
Cost Involved:: No
Source Code Available:: No
Creative Commons:: This work is licensed under a Attribution-NonCommercial-ShareAlike 4.0 International