Using nonlinearity in understanding market forces
Tuesday, September 20, 2016 - 22:31
in Mathematics & Economics
There are certain markets within the U.S. and global economies in which two major corporations dominate. For example, Coca-Cola Co. and PepsiCo Inc. are the two major firms that compete with each other in the soft drink market. These situations are called duopolies and they create an interesting set of dynamics within the market.