1. what companies produce the following Beverages?
Bell Work
what companies produce the following Beverages?

23. Lets see how you did.

25. http://www. businessinsider

26. Oligopoly

27. Oligopoly
-A market structure in which a few large firms dominate a market
Oligopoly examples

30. Barriers to Entry
Oligopoly’s make it very difficult for new firms to enter
How might they do this?
High start up costs
Too big already

32. Barber Airlines You mustache yourself a question?
How much money can we shave you?

34. The Story of X vs. O

35. HUGE Group Activity Take out a full sheet of paper
You are going to vote on who you support, “X” or “O”
You will either write an “X” or an “O” in the direct middle of the paper.
Then, fold the paper 4 times
But…..are you asking yourself, “What happens if I write an X or if I write an O?

36. Classroom Possibilities
You will have potential to win free candy. It all depends on how the class as a group votes.

37. Everyone gets 1 piece of candy
Candy Breakdown
# of “X” votes
Reward 1
15 pieces of candy 2
7 pieces of candy 3
4 pieces of candy 4+
NO ONE GETS CANDY
Entire class votes “O”
Everyone gets 1 piece of candy

38. HUGE Group Activity Take out a full sheet of paper
You are going to vote on who you support, “X” or “O”
You will either write an “X” or an “O” in the direct middle of the paper.
Then, fold the paper 4 times

39. What can happen if Oligopoly firms work together?
They can become their own “monopoly”
Charge higher prices
Can control quantity
What if soda companies did this?

41. Collusion Informal agreement among producers to work together
Firms agree on price and quantity in the market
When firms collude they are called “cartels.”
Illegal in the United States