metaverse technology foreign language cryptocurrency cournot monopoly meta virtual reality future
Abstract:
This thesis analyzes potential language learning benefits from metaverse software and optimal prices for metaverse-related products, such as a virtual reality (VR) headset. The metaverse is a virtual space that is created by the convergence of physical and virtual reality, enabling individuals to interact not only with each other, but also with digital objects in a three-dimensional immersive environment. Its recent growth has been consistent with the growth of previous groundbreaking technologies, such as computers and smartphones. This definition and its predicted growth will be further explored in my paper.
Undergraduate and graduate students were surveyed to find the optimal price that firms should sell their VR headsets and other equipment. This led me to construct numerous graphs and model a Cournot Oligopoly that has been adjusted for the varying number of firms in the market. I calculated the optimal price of the monopoly to be $466.80 and $375.19 for the Cournot Oligopoly firms.
