Game Theory Payoff Matrix
DESCRIPTION
Model oligopolistic behavior. Highlights Dominant Strategies and Best Responses to isolate Nash Equilibriums in classic scenarios.
RELATED VISUALIZATIONS
Tariff Deadweight Loss
Simulate protectionist trade policy. Imposing a tariff elevates the world price, mathematically shrinking Consumer Surplus while generating Government Revenue and Deadweight Loss triangles.
Profit Maximization (MR = MC)
Drag the market price line to find the optimal quantity where MR intercepts Marginal Cost. Instantly calculates Total Economic Profit or identifies the Shutdown point when Price falls below AVC.
LRATC Envelope Curve
Understand firm costs in the Long Run. Slide targeted production scales to track how Short-Run Average Total Cost curves (SRATC) form the Returns to Scale envelope.
Lorenz Curve & Gini
Graph income inequality mathematically. Bend the Lorenz curve from Perfect Equality to extreme inequality and watch the Gini Coefficient (A/(A+B)) update in real-time.