Question

Divide the class into five groups. Assign each group a market structure; for first group perfect competition, second group monopoly, third group oligopoly, fourth group Duopoly and for fifth group monopolistic competition. Now each student is to identify a business or organization or seller that orperate in that market structure. Ask each student to prepare a brief description of the following?

Answer 1

1. Name of the market structure 

2. Business name 

3. Industry 

4. Identify the conditions of market structure 

5. What are prices of a particular product, whether same price or different price?.

6. Is there non-price competition?

Activity to be done by the students in the classroom under guidance of the teacher. (Group Activity)