1. ECONOMICS: February 26
Warm-up How do the number of producers in a market structure help us determine ease of entry into the market? Why do businesses operating in market structures with low levels of competition have a greater ability to control prices? Economics Learning Target
In order to understand market structures, I will analyze the four different types of market structures. I will know I have it when I can list and explain the characteristics of each type of market structure in terms of: (1) number of producers/market share;(2) similarity of products (product differentiation); (3) control/influence over price; and (4) ease of entry into the marketplace.
--if you have not turned in the pre-project reading guide (HO from earlier) you need to do so NOW!
Market Structure industry group assignments
-make sure to follow group activity instructions (HO from earlier) -continue group assignment -at least 1/2 of the poster should be finished today
Assignment Read Ch. 7, Lessons 2 and 3