Market Structures Assignment
Market Structures Assignment
Based on your notes and the brief descriptions and definitions of the most commonly known market structures (Perfect Competition, Monopolistic Competition, Oligopoly & Monopoly,) create an informative poster guide that represents all four market structures. Your poster must include the following information:
o Perfect Competition
o Monopoly
o Monopolistic Competition
o Oligopoly
• State— the exact definition of each market structre.
• Elaborate—Explain what defines each market structure in as much depth as you can.*Remember this is a poster, not an essay!* Explain by giving the characteristics and what makes an industry fit this market structure.
• Exemplify—give at least 2 real world examples of industries and then companies (that place the industry) into the particular category of market structure. Then apply the characteristics to “prove” that the particular industry and companies fall under the market structures that you indicated.
• Illustrate—Draw, cartoon, diagram, or picture elements of this market structure. What sets this market structure apart—illustrate this difference! You are free to use company names and industries here.
How to structure your poster
Examples
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