- What happened to the prices, menu options, promotions and quality of the Burger businesses as we progressed through each round?
- Why was it important for the Burger businesses to make these changes?
Class Objectives:
- Examine the right to choose
- Determine how competition affects consumers
Today's Agenda:
- Burger Joint Activity (data)
- Discussion: Competition & Monopolies, Supply & Demand
- Competition Exit Slip
- What are three reasons competition is good for consumers?
- Why are monopolies restricted by the government?
- How does high demand affect prices?
- How does low demand affect prices?
Resource: Consumer Bill of Rights Slideshow
