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 p. 184 "Spotlight on the Economy" re:
Lord of the Rings.
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 39 – How does lack of competition increase
prices for the consumer? (10 min)
3. Have students work on a concept map about their
assigned section of the Market Structures note-taking
guide. (rest of class)
Home Learning:
Complete Market Structures Concept Map
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