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.
Schools of California Online Resources for Education
Score: Latin American Marketing Project
This site from Score provides information on the global marketplace. This is a unit where students are grouped to find out the best Latin American country to introduce a new fast food business. Site is very well outlined and includes...
Other
Oecd: Glossary of Statistical Terms: Monopolistic Competition
This site provides a simple and easy-to-understand definition of monopolistic competition.
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.
Council for Economic Education
Econ Ed Link: Believe It or Not?
This instructional activity reveals to students how advertisers use words and images to make goods and services look their best. To protect consumers and make sure that competition among sellers is fair in the marketplace, the federal...
Council for Economic Education
Econ Ed Link: Chevy Volt It's Electric!
The costs and benefits of owning an electric or hybrid car will be evaluated in this lesson. By reading and researching the history of the production of electric cars, the lesson allows young scholars to understand how this market has...
Council for Economic Education
Econ Ed Link: What Happened to Railroads?
Between the Civil War and World War II, railroads were one of the nation's most important businesses and an integral part of people's lives. In this lesson, students assume the role of detectives investigating why the rail companies...
Council for Economic Education
Econ Ed Link: Bringing the Market to the Farm
This printable lesson discusses producers and consumers from an agricultural perspective. It focuses on choices that the consumer has with regard to purchasing agricultural goods (e.g. fruits and vegetables). As an example, it uses...
Curated OER
Model of Monopolistic Competition
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.
Sophia Learning
Sophia: Prices and Equilibrium
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.
Tutor2u
Tutor2u: Oligopoly
This site lists the characteristics of an oligopoly, and discusses price competition, non-price competition, and price leadership.
Other
Hub Spot: 14 Ways Technology Will Affect the Future of Customer Service
The progress of video, real-time messaging, chatbots and artificial intelligence (AI), cryptocurrencies, self-service, and even customer success itself, all present the potential for big changes in the day-to-day workings of customer...
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.
Curated OER
Monopolistically Competitive Firm in Long Run Equilibrium
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.
Other
Foundation for Teaching Economics: Homepage
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...
Other
Is Ever So Hip Abercrombie & Fitch Losing Edge With Teens? [Doc]
This article asks whether or not Abercrombie & Fitch is "so popular" that it has become "not as popular" with teens anymore. A good example of a firm in a monopolistically competitive market structure. (02/22/2000)
Other
Wall Street Journal: Mc Donald's Launches New Ads, Hoping to Tap Goodwill [Doc]
This article discusses McDonald's new ad campaign in 1997 to compete against Burger King, Wendy's, and other restaurants in a very competitive market. (10/02/1997)
Other
Kentucky Association of Deca
This site serves as a resource for marketing teachers and students. The organization's goals, officers, and events are given, as well as information on competitions and resources.
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.
Council for Economic Education
Econ Ed Link: Guess Who's Coming to Dinner
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...
DOGO Media
Dogo News: 6th Graders Smarter Investors Than College Students
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.
Council for Economic Education
Econ Ed Link: History of Monopolies in the United States
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.
Council for Economic Education
Econ Ed Link: The Economics of Professional Sports: Underpaid Millionaires?
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...
Wikimedia
Wikipedia: Monopoly
Provides a detailed examination of the characteristics of a monopoly, along with various kinds of monopolies, such as natural, local, coercive, and others.