Why do companies compete with each other?
How can a company compete with another? (Strategies)
What is the purpose of advertising?
Draw a diagram explaining the outcome of advertising on quantity and pricing.
What is a monopoly?
Draw a diagram of how a monopoly would affect quantity and pricing.
Is a monopoly a good or bad thing?
We will now play the “Hunt the Cons” game to think further about the pros and cons of monopolies.
Let’s discuss again, is a monopoly a good or bad thing?
In your groups, find 2 real world examples of companies with a monopoly on their market:
- One with positive social outcomes
- One with negative social outcomes
For your Second summative assessment, you will have a choice of creating a video or a Pecha Kucha
10 A: March 2nd (2nd period)
10 C: March 9th, (Due March 7th if you will be absent on the 9th)