Applied

Economic
(Market Structure)
ABM
 ACTIVITY TO EXPLORE

BRING ME SOMETHING WITH A TWIST GAME

DIVIDE TO 5 GROUPS

2 REPRESENTATIVE FOR
EACH GROUP

1 REPRESENTATIVE IN FRONT TO HOLD 20 PESOS

PRICE AND
ANOTHER REPRESENTATIVE WILL
STRATEGICALLY STAY IN A PLACE WITHIN THE
GROUP & BRING THE ASKED ITEMS IN FRONT
AND CLAIM THE PRCE

WINNER:
THE GROUP WITH THE HIGHEST AMOUNT
EARNED
 How did you find the activity?
How were you able to come up with
the choice of representatives for the
group, did you only consider the
gender in making the choice?

What helped you

win the game?
Can we use the strategy in
business? How?
Perfect Competition/Pure Competition –
a market structure characterized by a
large number of small firms, having a
homogenous products, a very easy entry
and exit from the market.
Monopoly – the extreme opposite of perfect
competition. Under monopoly, the consumer has only two
choices: buy the monopolist’ product or not to buy at all.
It is a market structure characterized by a single seller or
producer, a unique product and impossible entry into the
market. Unlike perfect competition, there are no close
substitutes for monopolist’s product.
Monopolistic Competition – is a type of
market structure characterized by many small
firms, differentiated products and easy
market and entry and exit
Oligopoly – is a market structure characterized by a few
sellers, either a homogenous or differentiated product and
a difficult market entry. Oligopoly, just like monopolistic
competition, is found in real-world industries.
Duopoly – a subset to oligopoly, describing a situation in
which there are only two suppliers with large number of
consumers
Duopsony – a market situation in which there are only two
buyers but many sellers
Monopsony – a form of buyer concentration, that is a
market situation in which a single buyer confronts many
small suppliers
 Instructions
1. the learners will prepare a piece of paper, write name
and later use the paper to record prices later.
2. a volunteer to station in front of one side of the
classroom. As Group 1 (Monopoly)
3. Assign 6 learners seated at the first 2 rows of
column 1 to 3. Tell the learners that they are allowed
to talk to one another during the activity. This is group
2 (Oligopoly)
4. Assign 12 learners seated at the first 2 rows of
column 5,6,7,8,9 and 10. Tell the learners that they are
not allowed to talk to one another during the activity .
This is group 3 (Monopolistic)
5.Assign the rest of the class as group 4 who are
allowed to talk. (Perfect)
6.Assign a student to act as the customer/buyer
 Instructions

7.Give special chocolate to group 1 and Give variety of

chocolate to group group 2
8.Give candies with variety of flavour to group 3 and give
same candies to the rest of the class.
9.Tell learners that they are now holding their precious
product to sell
10.The teacher will be the buyer and will choose to buy 1 for
each group and able to pay up to 5 pesos with best deal.
11.You will have two minutes to think and talk if you are
from group 2 and 4 and write the minimum amount you are
willing to sell the product.
12.After two minutes, the customer will buy from the person
in each group who has the lowest bid.
13.The learners must keep in mind that they are competing
with people in the group.
1
 Instructions

4.In the event of a tie, the customer will randomly

choose which of the low bidders fo buy from
15.After the activity, let the learners go to their
original groupings, provide an activity sheet for
each group and give them 15 minutes to brain
storm and a representative will present their work
in front and afterwards other representatives of the
group will present a short scenario using the
specific example of the assigned market structure.
Scenario must be presented within 3 minutes
(Integration of Literacy)
Group 1 - Perfect Competition
Group 2 - Monopolistic
Group 3 - Monopoly
Group 4 - Oligopoly
ASSESSMENT
TEST 1 MULTIPLE TYPE OF TEST – 1-10 Choices are the following:
Perfect competition, Monopolistic
competition, Oligopolistic, Monopoly, Market
structure
1. Jen Went to Baguio at decided to buy strawberry jam as pasalubong, She
headed to the nearby market and saw a lot of stalls selling strawberry jams in
similar packaging and price .
2. Clara planed to go to Boracay, so she decided to search the web and looked for
a flight that offered a good deal but found out that the fare are more or less the
same. Therefore she ended up buying air ticket to an airline that had a good
track record.
3. I am fond of trying new products for the face, so I’m torn between choosing
rejuvenating cream or the facial serum both have varied price but serum is
quite promising because its says in the description that it can achieve a glass
like skin.
4. Way back 1980’s wherein there is no social media and internet connection yet,
the only entertainment that excites me was going to my neighbor who
happened to be the only house with PLDT connection for landline. I usually
spent my 75 cents in calling numbers I searched on the yellow page.
5. It’s observable that there are various vendors
selling milk teas with the same flavors.
6. What market structure is the total opposite of
monopoly ?
7. What market structure has the total control of the
market?
8. A classification system for the key traits of a
market, including the number of firms, the similarity
of the products they sell, and the ease of entry and
exit.
9. What structure has slightly differentiated
products but easy entry and exit to the market?
10. What market structure has homogenous or
differentiated products but have difficult market
entry and exit.
Library work and research:
Briefly discuss the background, current owner/s,
existing competition and market and economic
status of the following companies. (Assigned 1
structure per group)
1. Monoply - VECO
2. Duopoly – MAYNILAD and MANILA WATER
3. Oligopoly – SHELL vs. PETRON vs. CALTEX
4. Monopolistic – JOLLIBEE vs. MC DONLAD’S
vs. BURGER KING
5. Perfect - Between Chicken vendors,
Between fish vendors
THANK
YOU
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