Untitled Storyboard

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Testo Storyboard

Diapositiva: 1
Perfect Competition- A bustling marketplace with identical fruit stands all selling apples.
Same here! We all just match the market price
One dollar for an apple! I can’t charge more, or no one will buy from me
Monopolistic Competition- A row of clothing stores, each with unique branding and designs.
Diapositiva: 2
In perfect competition, firms are price-takers with no influence on price; they compete purely on efficiency.
Diapositiva: 3
Our tees have eco-friendly material—slightly more, at $30.”
We sell vintage-inspired styles! Just $25 for a tee.
I like the look and feel here, even if it’s pricier.
Oligopoly- Two airline CEOs shaking hands with tense smiles as they see a third CEO looking over their shoulders.
Diapositiva: 4
In monopolistic competition, brands differentiate products, allowing firms to charge higher prices due to consumer preferences.
Diapositiva: 5
(thinking) I’ll match their price, but I have to watch them closely.
If we lower prices too much, a price war will break out.
Agreed. Let’s keep prices stable so we don’t hurt each other.
Monopoly- A utility company CEO in front of a huge factory, looking smug. A customer, responding,
Diapositiva: 6
In an oligopoly, a few large firms dominate, watching each other’s moves closely to avoid intense competition.
Diapositiva: 7
We don’t have any other options. We just have to pay.
As the only power provider, we control the prices. Higher rates mean higher profits.
Diapositiva: 8
In a monopoly, one firm controls the market, setting prices with little concern for competition.
Diapositiva: 9
Monopsony- A factory in a small town, with workers in an assembly line.
Since they’re the only employer in town, we can’t negotiate higher wages.
They control the labor market here, so we’re stuck with what they offer.
Diapositiva: 10
In a monopsony, one buyer has significant power over many sellers, often pushing prices or wages down.