Econ Unit 3

Econ Unit 3
Business Organizations and Institutions
Unit 3 Scales
• Sole Proprietorships
• Corporations
Limited Liability Corporations
• Partnerships
• Mergers
Vertical
Horizontal
• Conglomerate
• Non-Profit Organizations
• Multi-National Corporations
• Entrepreneurship in the US Economy
Market Structures
• Perfect Competition
• Monopolistic Competition
• Oligopoly
• Monopoly
Natural Monopoly
• Non-price Competition
• Regulation and Deregulation
Firm Marginal Anylsis
• Profit max. decisions on price and output (quantity)
• Marginal Cost
• Marginal Revenue (MB)
Labor
• Labor Force and Markets
• Wage Determination

ISA #3-10
3.1 p.70 2-3
Andrea Jung p.71 1-2
3.2 p.77 2-4
7-Eleven p.78 1-2
5.2 p.130 4-6
5.3 p.137 2-6
7.1 p.177 5-7
Bill Gates p.178 1-2
8.2 p.213 2&4
Harley Davidson p.214 1-2

Review Videos
Market Structures
Perfect Competition
Monopoly
Regulation