Bellringer1. Fill in the monopoly column on the notesheet

Perfect

Competition

Monopolistic

CompetitionOligopoly Monopoly

Market Structure Poster Assignment (20 PTS)• Make a poster to teach other students your market model:• Perfect 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?• How could firms be successful in industry?

Monopolistic Competition

Bellringer: full sheet of paperDraw a 4 part diagram of the market structures

Monopoly

Oligopoly

Perfect Competition

Monopolistic Competition

Perfect

Competition

Monopolistic

CompetitionOligopoly Monopoly

On your BR: What type of market?

• Blank DVD’s

What type of market?

• Mexican Food

What type of market?

What type of market?

What type of market?

What type of market?

• Movie theaters in Tucson

What type of market?

• Music industry

What type of market?

• Hair cut

What type of market?

• Broadcast TV

What type of market?

• Oil in Mexico

What type of market?

• Ground beef

What type of market?

• Hotels

What type of market?

• Notebook paper

What type of market?

• Arizona universities

Hand out grocery store assignment