om: [Insert your name] ate: [Insert date] e: Microeconomics Simulations Introduction This memorandum report identifies and explains key microeconomic principles using a set of simulation games. The outcome of these games microeconomic principles can be applied within real-life situations to help us make better business decisions. This report is a summary of the simul played and their results, which include the key takeaways and their significance, for your review and reference. It is divided into the following secti 1. Comparative Advantage 2. Competitive Markets and Externalities 3. Production, Entry, and Exit . Market Structures (including the Price Discrimination and Cournot simulations) 5. Conclusions 6. References