6-4MarketStructurePhotoEssay - AP Microeconomics 6.4 Market Structure Photo Essay Assignment Introduction You probably pass by numerous businesses as

6-4MarketStructurePhotoEssay - AP Microeconomics 6.4 Market...

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AP Microeconomics 6.4 Market Structure Photo Essay Assignment Introduction: You probably pass by numerous businesses as you commute to school, work, etc... But how often have you ever taken the time to consider what market structure they operate in? Assignment: Travel around your hometown and take pictures of firms and or their products that represent each of the different market structures (perfect competition, monopoly, oligopoly, and monopolistic competition). Paste the pictures into a word document. Next to each picture provide a caption that explains the firm’s characteristics that cause it to be in your selected market structure. Grading: This assignment will be graded out of 12 points. Each of the 4 examples is worth 3 points: 1 point for a picture / name of a firm, and 2 points for an explanation of the market characteristics. If you are unable to take a picture of a firm yourself, you can find an image online and use it to represent the firm instead.
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