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Market Structures Project
The student should read The Grapes of Wrath by John Steinbeck and provide five examples of market structures from the story line. The examples should include 1 each of the following: pure competition, monopolistic competition, oligopoly, monopoly, and monopsony.
Please note that monopsony should be reviewed in an external source (NOT WIKIPEDIA nor any other online encyclopedia).
Look for transactions in the story to help identify each of the structures. Each example should include a brief narrative of the story, a detailed graphical representation of the market, and a commentary about the effects of this market on the participants (the consumer and producer) and society. Each example should not exceed 2 pages, but must include a narrative, graphical details, commentaries, and references. Remember to begin with an introduction and statement of purpose, close with a detailed conclusion of your findings, and list the references used.
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