1. Market Organizations Objective:
-Be able to state a basic definition of each of the four market organizations.
-Complete a chart on the characteristics of each of the market organizations.
-Be able to identify which market organization a particular business falls into.

2. Motivation
What are characteristics of a soda company, Lulu lemon, gasoline station, and an egg company?

3. Perfect Competition
a form of market organization in which a great many small firms produce a homogeneous product.

4. Monopoly
a form of market organization in which there is one seller of a (unique) product.

5. Monopolistic Competition
a market organization in which many firms produce products that are different, but similar enough to be substitutes.

6. Oligopoly
a form of market organization in which there are relatively few firms.

7. Pure oligopoly
an oligopoly in which the products are the same for all firms.

8. Differentiated oligopoly
an oligopoly in which the product is distinguished from other products.

9. Reading articles and charts