Monopolies & Market Failure - Pros & Cons of Monopolistic Markets

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1.87 MB   |   120 pages

PRODUCT DESCRIPTION

This lesson looks at how monopolies can cause market failure. The lesson includes lots of detailed theory, diagrams, examples and tasks. The lesson covers the following key theory:

* What monopolies are
* Pure and natural monopolies
* Barriers to entry
* The role of the government to monopolies
* Advantages of monopolies
* Disadvantages of monopolies

Main lesson aim: Students will understand what market failure is and the main causes of market failure.

The lesson starts with a fun starter to help re-cap on the various market structures and get into the appropriate groups. I also have made a nice 'You Say We Pay' game to help cover the key theory. I have also included a tough quiz on the topics covered. I have also included a student copy of the PPT. This lesson is perfect Economics.
Total Pages
120
Answer Key
N/A
Teaching Duration
2 hours

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Monopolies & Market Failure - Pros & Cons of Monopolistic Markets
Monopolies & Market Failure - Pros & Cons of Monopolistic Markets
Monopolies & Market Failure - Pros & Cons of Monopolistic Markets
Monopolies & Market Failure - Pros & Cons of Monopolistic Markets
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