Curated OER
Perfect Competition
Young economists consider perfect competition, market demand, supply, and long-run equilibrium in this practical activity. There are eight multiple part questions to answer, real-world scenarios to consider, and graphs to complete.
Curated OER
Graphing Perfect Competition
In this Graphing Perfect Competition worksheet, students analyze seven graphs, then must add to them or create their own based on directions.
Curated OER
Market Structures and Competition
Young scholars review concepts related to market structures and competition. Using supply and demand, they identify what factors cause them to shift and analyze business downward facing demand curves. They compare and contrast the...
Curated OER
Different Types of Market Structure
In this economics worksheet, students complete a graphic organizer based on the four types of market structure. Students consider 6 characteristics of perfect competition, monopolistic competition, oligopoly, and monopoly as they...
Curated OER
Oligopoly
Economics can be a competitive and, at times, devious subject. Learners work through a series of four worksheets to better understand oligopoly. Each sheet includes real-world scenarios, passages to read, graphs to analyze, and short...
Curated OER
The Market Power Game
Students play a game to evaluate the power of competition in the four types of market structures. They describe characteristics and give examples of pure competition, monopolistic competition, oligopoly, and monopoly.
Curated OER
Business Practices and Competition
Pupils identify the costs and benefits of large corporations and monopoly industries. Using the internet, they discover how businesses use different types of exploitation to maximize their profits. They read two articles about plants...
Curated OER
A Proper Role for Government - Seeking Perfection in an Imperfect World
Students discuss the proper role of government in the economy. Reviewing the foundations for a market economy to work properly, they decide how to best direct resources to get the most out of them. They distinguish between private and...
Curated OER
The Role of Public and Private Sectors
Students explore the role of government in the economy market. In this economics lesson, students analyze the decision making and how it takes into consideration additional cost, benefits and public awareness of what they are trying to...
Miami University
Chapter Nine Worksheet: Monopoly
Advanced economics pupils analyze a series of graphs, data sets, and profit scenarios all related to monopolies and marginal revenue. They read through the background information, complete a graph using the data provided, and justify...
Khan Academy
Khan Academy: Efficiency in Perfectly Competitive Markets
Why are perfectly competitive markets efficient?
Sophia Learning
Sophia: Perfect Competition
Through notes and related videos, students gain a basic understanding of market structures and the characteristics of firms that display perfect competition.
Khan Academy
Khan Academy: Perfect Competition Foundational Concepts
Practice what you have learned about the foundational ideas behind perfectly competitive markets, including the characteristics of a perfectly competitive market, profit-maximization, and graphs of perfectly competitive firms.
University of North Carolina
University of North Carolina: Perfect Competition
This site shows cost curves for a firm in a perfectly competitive market, and has an interactive graph to show what their profit margin is at various levels of production.
Wikimedia
Wikipedia: Perfect Competition
This site provides a clear description of the requirements and conditions needed in a market for it to be labeled a perfectly competitive market. The topics of allocative efficiency and productive efficiency are also addressed.
Other
South Western Learning: Econ News: Comparative Statics: Perfect Competition
This site offers economics-based newspaper headlines and asks follow-up questions based on supply and demand in a perfectly competitive market.
Other
South Western Learning: Econ News: Perfect Competition
This site offers a variety of economics-related newspaper headlines in perfectly competitive markets, and each headline offers discussion questions related to that topic.
Khan Academy
Khan Academy: Perfect Competition and Why It Matters
Read about the economic ideal of perfect competition.
Tutor2u
Tutor2u: Perfect Competition Introduction
This website describes the conditions of a "perfectly competitive" market structure, and the obstacles that the individual firm in this market will face.
Annenberg Foundation
Annenberg Learner: Economics U$a: 21st Century Edition
A micro and macroeconomics course for 21st century learners. 28 half-hour videos sessions with text and guides regarding markets, firms, supply and demand, perfect competition and inelastic demand, economic efficiency, monopolies,...
Khan Academy
Khan Academy: Profit Maximizing Behavior in Perfectly Competitive Factor Markets
Practice what you have learned about the way firms choose the optimal use of inputs in this four-question exercise.
Other
Elemental Economics: Review of Basic Definitions: Competition
This site provides a good description of the four types of market structures: perfect competition, monopolistic competition, oligopoly, and monopoly, along with the major characteristics of each.
Curated OER
Perfect Competition
This site shows costs curves for a firm in a perfectly competitive market, and has an interactive graph to show what their profit margin is at various levels of production.
Other
A Simple Seller Environment
This site offers a description of a price taker and the characteristics in this sellers' market structure. The price taker is examined in both the short run and the long run.