I  Bellwork Page 686 1 a-c II.  Objectives Analyze and interpret graphs for short run and the long run for firms operating in markets characterized as being an oligopoly or monopolistic competition. Determine the quantity, prices, profits and firm responses in the short run and the long run Explain the role and methods used to […]

I.  Bellwork Page 675 Free Response #2 II.  Objectives: Explain why oligopolists and monopolistic competitors differentiate their products Discuss the economic significance of advertising and brand names III.  Module 68 Product Differentiation and Advertising Pgs. 676-680 A.  How Firms Differentiate Their Products Differentiation by Style or Type Differentiation by Location Differentiation by Quality B. Controversies […]

I.  Bellwork:  iLearn 67.1 Worksheet Copy & Label the Graph – Answer the Questions II. Objectives: Determine the prices and profits in both in the short run and the long run for Monopolistic Competition Construct and interpret graphs for short run and the long run monopolistic competition Examine how changes in cost impact  monopolistic competition […]

I. Bellwork Page 665 Multiple Choice 1-5 Letter and Answer II.  Objectives Determine the prices and profits in both in the short run and the long run for Monopolistic Competition Construct and interpret graphs for short run and the long run monopolistic competition .Compare long run equilibrium on Perfect competition to long run equilibrium in […]

I.  Bellwork (Open in a new tab) II.  Objectives: Discuss the legal constraints of antitrust policy Explain how repeated interactions among oligopolists can result in collusion in the absence of any formal agreement Explain the cause and effect of price wars, product differentiation, price leadership, and nonprice competition Describe the importance of oligopoly in the […]

I.  Bellwork Based upon the Payoff Matrix below: Does McDonald’s have a dominant strategy?  Explain. Does Burger King have a dominant strategy?  Explain Is there a Nash/Non-cooperative equilibrium/ Explain II.  Objectives: Construct and interpret payoff matrices. Explain the payoffs, dominant strategies, and Nash equilibrium given a payoff matrix III.  Classwork  Pages 656-657 Check Your Understanding […]

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. Discussion and Notebook […]

I. Objectives Construct, analyze, and Interpret graphs for perfectly competitive industries and firms demonstrating the long run and short run impact based upon changes in supply and demand Construct, analyze, and interpret graphs for monopolies to determine the consumer surplus, producer surplus,and deadweight loss Determine allocative and productive efficiency related toa perfectly competitive firm and […]

I. Bellwork II.  Objectives: Collaborate and  review topics related to monopolies (unregulated) and natural monopolies (regulated) Construct, analyze, and interpret graphs for monopolies to determine the profit maximizing level, price, total revenue, total cost, and profit III.  Classwork Page 638-639 1-25 Write Answers due today IV.   Huge Test Tuesday – Sections 58-63