1. ECONOMICS: October 2 Market Structure industry group assignments
Warm-up What are the main differences between the perfect competition and the monopolistic competition market structures?
Learning Target In order to understand market structures, I will analyze the four different types of market structures. I will know I have it when I can list and explain the characteristics of each type of market structure in terms of: (1) number of producers/market share;(2) similarity of products (product differentiation); (3) control/influence over price; and (4) ease of entry into the marketplace.
Market Structure industry group assignments
-discuss group activity instructions (HO) -read about assigned industry -group leader come to teacher to confirm the group’s opinion of the market structure that the assigned industry operates in
-poster planning
Assignment Read Ch. 7, Lessons 2 & 3