Econ: Graphic Equations


Graphic Equation Wheat Industry-2014
You will create a graphic equation. Your graphic equation must visually explain how an industry illustrates the four main characteristics of market structures.

Read your handout and learn about your assigned industry and decide which market structure it exemplifies. Identify the four characteristics of market structures—number of producers, similarity of products, ease of entry, and control over prices—as they relate to your industry. Based on these characteristics, identify your industry’s market structure.

Create your graphic equation:

  • Visually demonstrate how the four characteristics of market structures apply to your industry. Include two graphs and two illustrations.
  • For each characteristic, write a one- or two-sentence summary explaining how it uniquely functions in your industry. Make sure all four summaries relate to their accompanying graphs or illustrations.
  • Do not use the name of your industry’s market structure anywhere in your summaries. Your classmates will determine the market structure by examining your graphic equation.



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