AP Economics – 11/26/18
I. Bellwork:
A. Page 641
- Explain ADM’s actions.
- Explain how fast food companies compete.
II. Objectives:
- Explain why oligopolies have an incentive to ac in ways that reduce their combined profit.
- Explain why oligopolies can benefit from collusion
- Determine the meaning of words and phrases as they are used in economics
III. Turn in Homework
IV. Discussion and Notebook
A. Introduction to Oligopoly Pages 642-646
- Characteristics of Oligopolies
- Game Theory
- Collusion & Competition
V. Classwork
- Page 646 Check Your Understanding #1
- Page 647 Free Response #2
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