Business Structures and Labor Markets · Microeconomics
Market Structures
Comparing perfect competition, monopolistic competition, oligopoly, and monopoly.
Key Questions
- 1How does the level of competition affect consumer welfare?
- 2What incentives are driving this behavior in a cartel?
- 3Who benefits and who bears the costs of a natural monopoly?
Ontario Curriculum Expectations
ON: Market Interactions - Grade 11ON: Economic Stakeholders - Grade 11
Grade: Grade 11
Subject: Economics
Unit: Business Structures and Labor Markets
Period: Microeconomics
Suggested Methodologies
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