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Grade 6-8, 9-12
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Activity

Market Structures Activity

Time: 10 mins,
Updated: July 20 2023,

Standards

In this economics drag and drop, students will learn about the different types of market structures.

Instructions

  1. 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.
  2. Objective: Your task is to drag each answer block to the correct market structure box based on its characteristics and examples.
  3. 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

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