Theory Play Share & Discuss

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Teach Monopolies
with Arctopia: Monopoly Power

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Theory

Monopoly

This lesson teaches you more about monopolies, and you get to complete the game Arctopia: Monopoly Power!

Teacher Resources

  • Theory: This lesson teaches your students more about monopolies. This lesson continues the lesson Achieving Monopoly Status.
  • Play: Students complete the game during the lesson.
  • Share & Discuss: These tasks focus on monopolies and related concepts.

Monopolies in the Economy

Monopoly: Exclusive ownership through legal privilege, command of supply, or concerted action

Teacher Resources

Monopoly: if only one store sells toothbrushes, that store has a monopoly on toothbrushes. Make sure the students understand the concept of “monopoly”, the core subject of this lesson.

READ:

WATCH:

Antitrust Laws

Antitrust Laws: Government laws that aim to protect the consumer from monopolist companies forming and/or abusing their position

Teacher Resources

This important topic is best taught with the aid of sources. You can use both your own and the ones below:

WATCH:

READ:

Bonus Slide: Famous US Monopolies

Famous US Monopolies of the late 1800s and early 1900s

John D. Rockefeller - Oil
Andrew Carnegie - Steel
James Buchanan Duke - Cigarettes

Teacher Resources

Play

Lesson Goal

Play and win the game Arctopia: Monopoly Power!

Consider the following questions while you play:

  • How does being a monopoly affect how a company is run?
  • Are monopolies beneficial or detrimental to societies? Why?
  • What are antitrust laws?

Gameplay screenshot.

How to Play

On a computer, press Play! to start the game. If you are playing on a handheld device, this step is not needed.

Gameplay screenshot

Tick the box and click Continue.

Gameplay screenshot

Finally, click Play to begin.

Gameplay screenshot

Gameplay Tips

Below is some information on the game’s winning mechanics.

  • It’s good to know that this game is rather brief: it automatically ends after you’ve chosen 4 pricing strategies. Whether or not you win is based on your profits: with maximized profits, you win.
  • If consumer satisfaction drops to 50% or below, your game ends immediately as the government steps in to protect the consumers as you’ve abused your position.
  • Even if consumer satisfaction is maxed out (90-100%) the game will still end because your company’s monopoly status violates antitrust laws.

Share & Discuss

Share & Discuss

Consider the following questions:

  • How does being a monopoly affect how a company is run?
  • Are monopolies beneficial or detrimental to societies? Why?
  • What are antitrust laws?
Show Notes

Government laws that aim to protect the consumer from monopolist companies forming and/or abusing their position

Teacher Resources

After all students have played and completed the game at least once, you can use this slide to help the students reflect on the game and its themes. Below are some sources you can use while going through these tasks with your students: