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 groups of 2, go over the Monopoly slideshow
- Make a copy of this document , add your names to the title, share it with me and hyperlink it here
- Then, answer the questions in paragraph form and list of all the important words, give their definitions and one real world example.
In your same groups, find 2 real world examples of companies with a monopoly on their market.
Explain why it is a monopoly
- 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 (Or an essay, anyone?)
TSC for Video (groups of 2)
TSC for Pecha Kucha (Google slide timing tutorial) (Individual)
TSC for Essay
- 10B: Tuesday October 9th
- 10C: Monday October 8th