A great way to teach competition and market structure is by playing Monopoly Deal. Monopoly Deal > Classic Monopoly for various reasons:
- It's cheaper
- You don't have to worry about losing game pieces
- It's more compact
- It's quicker
- It's more popular with the kids
Simply divide your class into groups of 4-5, distribute the packs of cards (roughly $7 each but so worth it), and have students play a few rounds. Instruct them to record the results of each round and answer the follow up questions. Yes, of course there's a written assignment to go with the game. You wouldn't want your principal to walk in the classroom and see your kids playing games all period, do you?