Monopoly become perfect competition in real estate

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Reference no: EM133304710

The monopolistic real estate companies are Zillow and OSA Tropical Properties which control most of the market in the United States.

Game theory is a branch of mathematics used to analyze strategic decision-making in situations where the outcome of one party's decision depends on the decisions of other parties.

Questions

1. How can I visualize the game theory of Zillow and OSA Tropical Properties (Real estate companies)?

2. How can I think and apply to Profit maximization ( P=CMg, lmg=Cmg )

3. Can I make a table or a graph regarding such competition?

4. How can monopoly become a perfect competition in real estate?

5. Does the subscription system (membership) let the company make a profit?

How about data asymmetry system? Can the technology change relevant markets and lead to market creation and design?

Reference no: EM133304710

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