Explores another variation of Bertrand Competition. The Products in this Market are, again, undifferentiated Commodity Products, but there are Search Costs that limit Customer awareness of each Product. Uses the KNIME Extension: Market Simulation by Scientific Strategy - Community Edition A comprehensive description of this workflow with step-by-step instructions can be found at the Scientific Strategy website: https://scientificstrategy.com/ms-173/
This is a companion discussion topic for the original entry at https://kni.me/w/4d2KEqndeR3RA3FH