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Market structure review

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Market structure review

  1. 1. Bellringer 1. Fill in the monopoly column on the notesheet Perfect Monopolistic Competition Competition Oligopoly Monopoly
  2. 2. Market Structure Poster Assignment (20 PTS) • Make a poster to teach other students your market model: • Perfect Competition Monopolistic Competition Oligopoly • Must include: (2 person group maximum) Chapter 9 • IYOW: Market characteristics/definition • 4 non-text examples of industries (w/pictures) • Describe the competition (Do companies have pricing power, Does quality matter?) • How expensive to start up? (give examples of fixed/variable costs) • What type of labor does this industry require? (skilled/unskilled, explain) • Why positive for consumers OR producers?
  3. 3. Bellringer: full sheet of paper Draw a 4 part diagram of the market structures Perfect Competition Monopoly Oligopoly Monopolistic Competition
  4. 4. Perfect Monopolistic Competition Competition Oligopoly Monopoly
  5. 5. On your BR: What type of market? • Blank DVD’s
  6. 6. What type of market? • Mexican Food
  7. 7. What type of market?
  8. 8. What type of market?
  9. 9. What type of market?
  10. 10. What type of market? • Movie theaters in Tucson
  11. 11. What type of market? • Music industry
  12. 12. What type of market? • Hair cut
  13. 13. What type of market? • Broadcast TV
  14. 14. What type of market? • Oil in Mexico
  15. 15. What type of market? • Ground beef
  16. 16. What type of market? • Hotels
  17. 17. What type of market? • Notebook paper
  18. 18. What type of market? • Arizona universities
  19. 19. Hand out grocery store assignment

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