Aim: Why do businesses in different industries experience
varying degrees of competition in a market economy and
what is the impact of that competition on consumers,
society and the government?
Bell Ringer: Read "Profiles in Economics" re: Bill Gates (10
min)
Objectives:
1. SS.912.E.1.6: Compare the basic characteristics of the
four market structures (monopoly, oligopoly,
monopolistic competition, pure competition).
Agenda:
1. Bell Ringer (10 min)
2. Journal 38 – If Americans traditionally dislike
monopolies, why do some monopolies exist today?
What types of monopolies are they, and what are their
characteristics? (10 min)
3. Complete the note-taking guide (Market Structures)
using their textbook (McGraw-Hill Economics Principles
and Practices pp. 168-167193), online resources, or
class notes as appropriate. (rest of class)
Home Learning:
1. Work on designated section of the NTG
2. Section 2 Review: 2 – 4 / to be completed in the
additional boxes located at the end of the NTG
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