Market Structure Activity: An interdependent group exercise

My students were able to grasp the basics of market structure using this introductory, collaborative activity which covers content including:

-characteristics of perfect competition, monopolistic competition, oligopoly, and monopoly

-examples of market structures

-comparison of different markets using their characteristics

Students work in small groups to complete one part of a shared exploration of the four market structures. Each group adopts the role of a specific producer in one type of market. After completing handouts, the groups collaborate to discuss the three markets, rank them according to their characteristics, and debate which market is best for society.

For similar activities about each of the four market structures, check out the following:

Perfect Competition:

https://www.teacherspayteachers.com/Product/Perfect-Competition-An-interdependent-group-exercise-10646181

Monopolistic Competition:

https://www.teacherspayteachers.com/Product/Monopolistic-Competition-An-interdependent-group-exercise-10808791

Oligopoly:

https://www.teacherspayteachers.com/Product/Oligopoly-An-interdependent-group-exercise-10808956

Monopoly:

https://www.teacherspayteachers.com/Product/Monopoly-Markets-An-interdependent-group-exercise-10718971