Twelfth graders explore the four market structures — perfect competition, monopolistic competition, oligopoly, and monopoly — and how the amount of competition shapes prices, choices, and a firm’s power.
Students will be able to…
Wheat farmers can’t set their own price, but your local water company can. Why? The amount of competition in a market changes everything. What are the different market structures?
Project this and tap each structure. Have students see how competition ranges from many sellers to just one!
Tap any phase to open the teacher moves and student actions.
A wheat farmer can’t set prices, but a water company can — why?
Students investigate.
Students analyze.
Students communicate.
Students conclude.
Aligned to the C3 Framework for Social Studies State Standards (Economics).
Analyze how competition among sellers affects prices and quality.
Analyze how firms use costs and revenues to make decisions.
Analyze the ways markets coordinate exchange.
Construct arguments using economic reasoning.
Preview the three formative checks. Tap “Sample answer” to see what mastery looks like — hide them before you print for students.
Have students identify a near-monopoly or oligopoly in their community and argue whether it should be regulated, using economic evidence. A printable market-structures sheet is in the Social Studies library.
Tap a card to flip it, then rate whether you knew it. Built from this lesson’s vocabulary.
A quick self-check with instant feedback, drawn from this lesson’s key terms.
A print-and-go review sheet with a built-in answer key. Tap “Show answer key” to reveal answers, or print the clean version for students.