Students are assigned to create a poster explaining one of four market structures: perfect competition, monopolistic competition, oligopoly, or monopoly. The poster must include the market characteristics/definition, four industry examples with pictures, a description of competition and pricing power, costs of starting a business, required labor skills, and benefits to consumers or producers. Additionally, students are tasked with identifying the market structure for various industries on their notesheet based on characteristics.

1. Bellringer
1. Fill in the monopoly column on the notesheet
Perfect
Monopolistic
Competition
Competition
Oligopoly
Monopoly

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. Bellringer: full sheet of paper
Draw a 4 part diagram of the market
structures Perfect Competition
Monopoly
Oligopoly
Monopolistic Competition

4. Perfect
Monopolistic
Competition
Competition
Oligopoly
Monopoly

5. On your BR: What type of market?
• Blank DVD’s

6. What type of market?
• Mexican Food

7. What type of market?

8. What type of market?

9. What type of market?

10. What type of market?
• Movie theaters in Tucson

11. What type of market?
• Music industry

12. What type of market?
• Hair cut

13. What type of market?
• Broadcast TV

14. What type of market?
• Oil in Mexico

15. What type of market?
• Ground beef

16. What type of market?
• Hotels

17. What type of market?
• Notebook paper

18. What type of market?
• Arizona universities

19. Hand out grocery store assignment