Market Structure (Perfect Competition & Monopoly)IGCSE Economics

A whole lesson on this topic as stated. It covers the whole of IGCSE Market Structure – Perfect Competition & Monopoly syllabus June and November 2020 - 2022 and March 2020 - 2022 It is good for Teaching, engaging students with questions and answers to help students’ understanding, preparing them for the final IGCSE exams.
Lesson Objectives:
At the end of the lesson, students should be able to:
• describe the principle of profit maximization as a goal and recognize that business organizations may have different goals
• describe the characteristics of perfect competition and monopoly
• describe pricing and output policies in perfect competition and monopoly
• discuss the advantages and disadvantages of monopoly.
•Do the ‘Assignment’ and IGCSE Questions provided with Answers at the end of the presentation.

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Created: May 20, 2019

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