Friday, March 24th, 2006
Market Failures: Market Structures
OBJECTIVE
Students shall be able to
define monopoly.
identify characteristics of monopoly.
explain how a monopolist maximizes profit.
list examples of monopoly.
define natural monopoly.
define oligopoly.
identify characteristics of oligopolies.
list examples of oligopoly.
define monopolistic competition.
identify characteristics of monopolistic competition.
define product differentiation.
list examples of monopolistic competition.
define pure competition.
identify characteristics of pure competition.
list examples of pure competition.
ACTIVITIES
Students shall read section 1-3 of chapter 7.
Complete the Market Structures Puzzle.
Assignment:
Read section 1-3 of Chapter 7.
Complete the Market Structures Crossword Puzzle.
ASSESSMENT PROCEDURES
Monitor and adjust as necessary. Check student responses in the notebook.
TEKS involved: 1A, 2A, 2B, 2C, 2D, 3A, 7B, 9C, 12B, 15A, 15B, 19A, 19D, 23B, 24A, 24B, 24C, 24D, 26B, 26C, 26D