Go to the internet and find a news article published within the last three months that discusses an event in the real world that involves competition in some sort of microeconomic market. Summarize key points and post in the Discussions area.
If the market structure of the industry in the article is not perfect competition, what type of market structure is it? Describe in what ways it falls short of perfect competition.
Hint: Do not just Google the word “competition”. This is likely to lead you to an essay or an “opinion piece” instead of a news article.
Please note that the goal of this discussion is to read, understand, and discuss recent news using microeconomic terminology. The article should be from an on-line newspaper or magazine. Materials posted on educational websites, like www.thebalance.com, www.khanacademy.org , and so on, are not considered news articles even if they were recently updated and contain material related to the discussion topic.
Reflection – the students also should include a paragraph in the initial response in their own words, using microeconomic terminology, reflecting on specifically what they learned from the assignment and how they think they could apply what they learned in the workplace.
This weeks topics:
Perfect Competition
Monopoly
Market Structures
Perfect Competition
Maximizing Profits
Monopoly
Deadweight Loss from Monopoly
Last Completed Projects
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