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Economics for Leaders: Cartels and Competition
Source: FTE | Type: Lesson
Activity where groups of students simulate firms producing for profit in environments of competition and cartels.
Grades:
Concepts:
- Competition
- Incentive
- Production
- Profit Motive
Standards:
- Economics 4: Role of Incentives
- Economics 7: Markets - Price and Quantity Determination
- Economics 9: Role of Competition
Related Resources:
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