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Direct linkRebelein, Robert; Turkay, Evsen – Journal of Economic Education, 2016
The timing of moves can dramatically affect firm profits and market outcomes. When firms choose output quantities, there is a first-mover advantage, and when firms choose prices, there is a second-mover advantage. Students often find it difficult to understand the differences between these two situations. This classroom experiment simulates each…
Descriptors: Mathematics Instruction, Mathematics Education, Equations (Mathematics), Educational Experiments
