Economics – 11/11/11
I. Bellwork Q&A
- List two examples of industries where numerous competitors exist.
- List an industry where only one supplier exists.
II. Objective:
- Analyze how the functions and constraints of business structures, the role of price in the market, and relationships of investment to productivity and growth, impact competitive markets.
- Identify common circumstances related to market failures and the impact externalities have on society.
III. Video & Discussion
- Market Structures https://youtu.be/9Hxy-TuX9fs
- Perfect Competition https://youtu.be/61GCogalzVc
- Externalities https://youtu.be/ahHSih4wAGI
IV. Classwork
- 7-1 Guided Reading Activity
- Page 179 Vocabulary (7)
- Page 183 2-6 Q&A
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