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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

Monopolistic Competition

Oligopoly

Monopoly

Many firms

Identical products

No control over prices

Easy to enter

No non-price competition

Agriculture

Stocks

Many firms

Different products

Some control over prices

Fairly easy to enter

A lot of non-price competition

Gas stations

Fast food restaurants

Dry cleaners

Few firms

Similar or different products

Significant control over prices

Difficult to enter

A lot of non-price competition if products are differentiated

Soaps

Cars

Airlines

Copper

Glass

One firm

A unique (different) product

Significant control over prices

Difficult to enter

Non-price competition may exist

Companies with patents

Regulated public utilities

Congrats, all of the answers are correct!


Subjects:
Economics