Identify the different market structures; Differentiate the four major types of market structures (perfect competition, monopoly, oligopoly, and monopolistic competition);
LOGO QUIZ
Guided Questions How did you identify the products? Why are you familiar with the products? How often do you use or purchase these products? What made you purchase these products?
What is Market? A market is one of the numerous infrastructures, systems, institutions, social relations and procedures wherein buyers and sellers usually interact with each others to exchange goods and services. It also refers to any place or process involved with the exchange of goods and services.
What is Market Structure ? It refers to how different industries are classified and differentiated based on their degree and nature of competition for services and goods.
The interactions and variations in different aspects provided the existence of the: Four (4) Types of Market Structures Monopoly Monopolistic Competition Perfect Competition Oligopoly
LETS VOLT IN! Each group will be provided with bond papers containing the activity sheet. As soon as the learners in each group are done brain storming, a representative will present their work in front. Market Structures Number of Sellers Types of Product Entry/Exit to Market Pricing Power Example Pure Competition Monopolistic Competition Monopoly Oligopoly