Introduction
Task
Please read/watch the links below. This information will guide and assist you in answering the essay question provided in the next step.
What is market structures?
https://corporatefinanceinstitute.com/resources/knowledge/economics/market-structure/
Why is market structures an important topic(refer to introduction and 1st paragraph in link below)
https://www.westga.edu/~bquest/1997/ecnmkt.html
For the visual learners, see an introduction to market structures below
Perfect competition
Monopoly
Monopolistic competition
Oligopoly
Process
- Write an essay of no more that 500 words unpacking the characteristics of the different market structure.
- For your 10 mark open ended question you are required to state which market structure in your opinion is the most beneficial to communities.
Do not forget to follow the structure of an economics essay, with introduction, body and conclusion written on your page.
Bullet points need to be used.
See the next step for the rubric
Evaluation
For guidance and mark allocation, check rubric below
https://drive.google.com/file/d/1Nauk23xVfyKnPc_2eF1kqVaDPQLA7rEG/view?usp=sharing
Conclusion
I hope you all found this learning mode easy to understand.
i would just like to request that you guys really try to ensure a good understanding of the topic covered in this webquest. This essay type question is a favorite of many. I want you guys to feel confident answering questions on market structure and also confident in your essay writing skills.
If you struggle at any point in this task, please feel free to contact me
Ms M Solomons
0744113105
Credits
- Masturah Solomons
- 219096317