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Monopoly Game Requirements: You must create two industry scenarios for each market structure. You must create a card for each industry (property) with the following information: The type of market structure. The characteristics of the market in that scenario (#of producers, similarity of products, ease of entry, control over prices).

interior monologue n. A passage of writing presenting a character's inner thoughts and emotions (dictionary.com)

Students will create businesses while completing the steps listed in the project handout.

Summary of Activity: You are a producer who can produce any product that you would like. This week the product we used in our examples was tacos. You can produce anything, within reason, that you would like. Create a price plan for your product. (See tacos example for explanation). Survey the class to determine individual and market demand for your product. Then, create a production plan and individual supply schedule. Graph all findings. Label the equilibrium in market supply and demand (where the supply and demand curves intersect). Identify the price you will charge and the amount you will produce.