lesson
What Is Competition Among Sellers?
Define seller competition as multiple businesses vying to win customers for similar products.
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Market Competition and Monopolies
4th Grade · Social-studies · US-WI-SS
4 lessons
Goal
Explore how competition among sellers and buyers shapes prices and consumer options, and examine what happens when competition is absent in a monopoly.
4 lessons
0 of 4 done
- What Is Competition Among Sellers?You are here
- 2How Competition Benefits ConsumersPremiumUp next
- 3Competition Among Buyers in Auctions and BiddingNot started yet
- 4What Happens When There Is No Competition? Monopoly BasicsNot started yet
Learning standards covered
SS.Econ2Wisconsin Social Studies Standards · 4th GradeWisconsin students will analyze how decisions are made and interactions occur among individuals, households, and firms or businesses (Microeconomics).
Econ2.bWisconsin Social Studies Standards · 4th GradeSupply, demand, and competition
SS.Econ2.b.4-5Wisconsin Social Studies Standards · 4th GradeAssess the roles of consumers (demand), producers (supply), prices, non-price factors (e.g., drought or a fad item), and competition in the product market.