Grade 6-8, 9-12
,
Activity
Market Structures Activity
Standards
In this economics drag and drop, students will learn about the different types of market structures.
Instructions
- Drag and Drop: You will see four boxes labeled with market structures like “Pure Competition” and “Monopoly.” Below the boxes, there are draggable answer blocks with information about different market structures.
- Objective: Your task is to drag each answer block to the correct market structure box based on its characteristics and examples.
- Dragging an Answer: Click and hold on an answer block, then move it to the market structure box you think it belongs to.
Market Structures Drag and Drop Activity
Pure Competition
Oligopoly
Monopolistic Competition
Monopoly
One firm
Gas stations
Identical products
Many firms
Non-price competition may exist
Airlines
A lot of non-price competition if products are differentiated
Few firms
Different products
Many firms
Stocks
No control over prices
No non-price competition
Easy to enter
Companies with patents
Significant control over prices
A unique (different) product
Difficult to enter
Agriculture
Cars
A lot of non-price competition
Fairly easy to enter
Similar or different products
Dry cleaners
Some control over prices
Fast food restaurants
Glass
Difficult to enter
Soaps
Regulated public utilities
Copper
Significant control over prices
Congrats, all of the answers are correct!
Subjects:
Economics