Monopoly Money — Perfect Competition and Monopoly Rents

Overview:

In this lesson, students will compare and contrast perfect competition with monopoly markets. The lesson begins with a brief discussion on barriers to entry. Next, students will break into small groups, brainstorming the barriers to entry and competition in different markets. Finally, students will read “Microsoft Vs. the Feds: Drawing the Battle Lines,” using this case study to examine the impacts (positive and negative) of monopoly markets.

NBEA Standard(s):
  • Economics, II. Economic Systems
  • Economics, VII. The Role Of Government

Lesson Plan Details:

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