Through notes and related videos, students gain a basic understanding of market structures and the characteristics of firms that display perfect competition.

Practice what you've learned about options available to regulate markets where the socially optimal quantity is not produced.

This video teaches the concept of Markets and Prices. A market refers to a group of buyers and sellers for a given good or service. The price is the amount of money needed to buy a particular good or service. The website contains an...

Why are perfectly competitive markets efficient?

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.

Read about the economic ideal of perfect competition.

This site offers economics-based newspaper headlines and asks follow-up questions based on supply and demand in a perfectly competitive market.

A good outline of course study on the topics of monopolistic competition, oligopoly, and anti-trust legislation.

This site uses graphs to show how changes in demand would change a firm's output, price, and profits or losses in a monopolistically competitive market structure.

This website describes the conditions of a "perfectly competitive" market structure, and the obstacles that the individual firm in this market will face.

This site provides a simple and easy-to-understand definition of monopolistic competition.

Practice what you have learned about the way firms choose the optimal use of inputs in this four-question exercise.

This site uses an example of "pushcarts on the beach" to demonstrate a monopolistically competitive market structure and how as more firms enter the market, price, quantity, and deadweight loss are all effected.

Through a series of resources, students use the concept of demand and supply to explain how free market prices and quantities are established, define equilibrium, and understand the idea of shortage and surplus.

This site lists the characteristics of an oligopoly, and discusses price competition, non-price competition, and price leadership.

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.

This site uses interactive graphs to show how changes in demand would change a firm's output, price, and profits or losses in a monopolistically competitive market structure.

The Foundation for Teaching Economics is committed to excellence in economic education. The Foundation offers free workshops for high school educators and students. This site includes workshop dates, locations, and registration...

This lesson introduces regulation and information as two tools used by government to promote fair competition and complete information in a market economy. Using the 1906 Pure Food and Drugs Act as a case study, students explore the...

Learn how a group of North Dakota sixth graders beat out a group of college students in a competition after learning the basics of investing.

Monopolies in the United States have existed in many forms. When a business dominates a market, its market power makes it a monopoly. How these businesses use their market power will determine the legality of the monopoly.

Over the last century, professional baseball has grown to become one of the most popular forms of American entertainment. Indeed, the sport's nickname - "America's Pastime" - has become embedded in the nation's lexicon. More than 60...

This video teaches the concept of Profit. Profit is income received for entrepreneurial skills or risk taking and is calculated by subtracting a firm's costs of producing a good or service from the revenues received from selling the good...

This activity will show the student the power of advertising to create demand for a product. After reviewing existing advertisements, the young scholars will create their own campaign for a product. Following a presentation to the class...