Market Structures and Firm Behavior · Microeconomics

Perfect Competition and Monopoly

Comparing the extremes of market structures from price takers to price makers.

Key Questions

  1. 1Why is perfect competition considered the ideal for consumer welfare?
  2. 2What incentives are driving a monopolist to restrict output?
  3. 3How do barriers to entry protect or harm the public interest?

Ontario Curriculum Expectations

ON: Market Models and Economic Structures - Grade 12
Grade: Grade 12
Subject: Economics
Unit: Market Structures and Firm Behavior
Period: Microeconomics

Suggested Methodologies

Ready to teach this topic?

Generate a complete, classroom-ready active learning mission in seconds.

Generate a Custom MissionBrowse Lesson Plan Templates

More in Market Structures and Firm Behavior

Oligopoly and Game Theory

Studying strategic behavior and interdependence among a few large firms.

2 methodologies

Market Failures and Externalities

Analyzing situations where the market fails to allocate resources efficiently, such as pollution.

2 methodologies

Browse curriculum by country

AmericasUSCAMXCLCOBR
EuropeUKIEFRDEESITNLPTSE
Asia & PacificINSGAU