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Understanding Monopolies: Impacts and Government Regulation

This lesson focuses on the concept of monopolies, evaluating their pros and cons in the business landscape. Students will read an article by Crawford about monopolies in the telecommunications industry and how government regulation can affect competition and pricing. Through partnered reading, students will identify unfamiliar terms and summarize key points. The reflection section encourages critical thinking about the meanings of market divisions and deregulation in the context of the high-speed internet market. Students will also explore monopolistic influences on various products and services.

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Understanding Monopolies: Impacts and Government Regulation

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Presentation Transcript

  1. KFC 3/19/14 • What is a monopoly? Are monopolies good or bad? How does this relate to government regulation of business?

  2. Mr. DeGrazia 12th Grade World Lit. Article of the week

  3. Silent Reading • Before we begin analyzing this article, we are going to take 10 minutes to read through it individually. • The article can be found at: • http://www.kellygallagher.org/resources/AoW%201314_25%20Heroin.pdf

  4. Partner Work • With a partner, read through this article again. • As you read, you have two tasks: • Underline any words or phrases you are unfamiliar with, and • Next to each paragraph, write a brief, one sentence summary.

  5. Reflection • In paragraph 4, what do you think Crawford means when she says that “… huge telecommunication companies… divided up markets…”?

  6. Reflection • In paragraph 6, Crawford says, “We deregulated high speed internet access 10 years ago…” What does deregulation mean? What sorts of regulations do you think were on high speed internet access before?

  7. Reflection • According to the text, what are the “… high barriers to entry…” that keep new competitors from coming into the high speed internet market?

  8. Reflection - Writing • What evidence does this article give to support its assertion that more regulation in the high speed internet market will actually lower prices and improve speeds? • Why do you think they say this idea may be “… alien to free market idealogues…”?

  9. Reflection – Written Response • In what other types of products or services do you see monopolies? Do you think monopolies are good or bad for our economy? Do you think the government should regulate these goods or services?

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