Market Structure Simulation - Perfect Competition

Name:_____________________

Date:__________________

Objective:
You are a consumer who is looking to purchase the most caramel candies. The
consumer who purchases the highest number of caramel candies at the end of the
round will receive a chocolate bar for their efforts!

Market Information Consumer:

You and other consumers will be entering a market with a budget of fifteen dollars.
Each round will last for seven minutes.
There is no reward for having money left over at the end of the round.
Results: Below, list how many caramel candies you were able to purchase, how much
money you had left over and the average price you paid per piece of candy.
I purchased ___________ caramel candies and had $____________ left over at the end of the
round. My average price paid per piece of candy was $______________.

Questions:
1. Who has more power in this type of market structure - Consumers or Producers? Why?

2. How should the government get involved in this type of market structure, if at all?

3. List examples of consumer markets that exist with this type of market structure.

Market Structure Simulation Perfect Competition

Name:_____________________

Date:__________________

Objective:
You are a producer who is looking to make a profit by selling five caramel candies.
The producer who makes the largest profit on their caramel candies at the end of the
round will receive a chocolate bar for their efforts!

Market Information Producer:

You and other producers will be selling jolly ranchers at a local market. You control
the price at which you sell your products. The idea is to negotiate with customers.
Each round will last for seven minutes.
The cost for you to make a caramel candy is $1.00.
Be aware that the government has set a price floor for you. It will purchase any left
over caramel candies for $.50 a piece.

Results:
I sold _____________ caramel candies and took in $_________________. Since my cost
was $5, my total profit is $_____________.

Questions:
1. Who has more power in this type of market structure - Consumers or Producers? Why?

2. How should the government get involved in this type of market structure, if at all?

3. List examples of consumer markets that exist with this type of market structure.

Market Structure Simulation Monopolistic Competition

Name:_____________________

Date:__________________

Objective:
You are a consumer who is looking to purchase the most starbursts. The consumer who
purchases the highest number of starbursts at the end of the round will receive a
chocolate bar for their efforts!

Market Information Consumer:

You and other consumers will be entering a market with a budget of twelve dollars.
Each round will last for seven minutes.
There is no reward for having money left over at the end of the round.
Results: Below, list how many starbursts you were able to purchase, how much money you
had left over at the end of the round and the average price you paid per starburst.
I purchased ___________ starbursts and had $____________ left over at the end of the
round. My average price paid per starburst was $______________.

Questions:
1. Who has more power in this type of market structure - Consumers or Producers? Why?

2. How should the government get involved in this type of market structure, if at all?

3. List examples of consumer markets that exist with this type of market structure.

Market Structure Simulation Monopolistic Competition

Name:_____________________

Date:__________________

Objective:
You are a producer who is looking to make a profit by selling seven starbursts. The
producer who makes the largest profit on their starbursts at the end of the round will
receive a chocolate bar for their efforts!

Market Information Producer:

You and other producers will be selling starbursts at a local market. You control the

price at which you sell your products. The idea is to negotiate with customers.
You will each be selling a unique brand of starburst, it is up to you to market them to
the consumers.
Each round will last for seven minutes.
The cost for you to make a starburst is $1.00.
Be aware that the government has set a price floor for you. It will purchase any left
over starbursts for $.50 a piece.

Results:
I sold _____________ starbursts and took in $_________________. Since my cost was
$7, my total profit is $_____________.

Questions:
1. Who has more power in this type of market structure - Consumers or Producers? Why?

2. How should the government get involved in this type of market structure, if at all?

3. List examples of consumer markets that exist with this type of market structure.

Market Structure Simulation - Oligopoly

Name:_____________________

Date:__________________

Objective:
You are a consumer who is looking to purchase the most starburst candies with a set
budget.

Market Information Consumer:

You and other consumers will be entering a market with a budget of ten dollars.
Each round will last for seven minutes.
There is no reward for having money left over at the end of the round.
Results: Below, list how many starbursts you were able to purchase, how much money you
had left over and the average price you paid per starburst.
I purchased ___________ starbursts and had $____________ left over at the end of the
round. My average price paid per starburst was $______________.

Questions:
1. Who has more power in this type of market structure - Consumers or Producers? Why?

2. How should the government get involved in this type of market structure, if at all?

3. List examples of consumer markets that exist with this type of market structure.

Market Structure Simulation Oligopoly

Name:_____________________

Date:__________________

Objective:
You are a producer who is looking to make a profit by selling 15 starbursts.
Market Information Producer:
You and other producers will be selling starbursts at a local market. You control the
price at which you sell your products. The idea is to negotiate with customers.
Each round will last for seven minutes.
The cost for you to make a starburst is $1.00.

Results:
I sold _____________ starbursts and took in $_________________. Since my cost was
$15, my total profit is $_____________.

Questions:
1. Who has more power in this type of market structure - Consumers or Producers? Why?

2. How should the government get involved in this type of market structure, if at all?

3. List examples of consumer markets that exist with this type of market structure.

Market Structure Simulation - Monopoly

Name:_____________________

Date:__________________

Objective:
You are a consumer who is looking to purchase the most caramel candies with a set
budget.

Market Information Consumer:

You and other consumers will be entering a market with a budget of ten dollars.
Each round will last for seven minutes.
There is no reward for having money left over at the end of the round.
If the price per piece of candy reaches $3.00, you have the opportunity to purchase an
alternative product from a third party for $3.00 per piece of candy.

Results: Below, list how many caramel candies you were able to purchase, how much
money you had left over and the average price you paid per piece of candy.
I purchased ___________ pieces of candy and had $____________ left over at the end of the
round. My average price paid per piece of candy was $______________.

Questions:
1. Who has more power in this type of market structure - Consumers or Producers? Why?

2. How should the government get involved in this type of market structure, if at all?

3. List examples of consumer markets that exist with this type of market structure.

Market Structure Simulation Monopoly

Name:_____________________

Date:__________________

Objective:
You are a producer who is looking to make a profit by selling 30 caramel candies.
Market Information Producer:
You will be selling caramel candies at a local market. You control the price at which
you sell your product. The idea is to negotiate with customers.
Each round will last for seven minutes.
The cost for you to make a starburst is $1.00.

Results:
I sold _____________ caramel candies and took in $_________________. Since my cost
was $30, my total profit is $_____________.

Questions:
1. Who has more power in this type of market structure - Consumers or Producers? Why?

2. How should the government get involved in this type of market structure, if at all?

3. List examples of consumer markets that exist with this type of market structure.