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: Journal 41 – To what extend do you think government should be involved in the free enterprise economy? Defend your answer.
Objectives:
- 1. Students will compare the basic characteristics of the four market structures (monopoly, oligopoly, monopolistic competition, pure competition).
Agenda:
- 1. Bell Ringer (10 min)
- 2. Market Structures Quiz (10 min)
- 3. Students are to continue working on their "Market Structure Project"
- 4. Grade journals 31-40
Home Learning:
1. Continue working on the Market Structures Project
2. Bring your Economics Text Book to class.
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