Ex.1. Read the words in the following groups. Pay attention to the word stress.

Date: 2015-10-07; view: 520.

Reading drills

PRE-TEXT EXERCISES

LEAD-IN

Copy and you die.

You should learn from your competitor, but never copy.

Unit 1. Market structure and competition

Jack Ma

(or Ma Yun (born October 15, 1964),

a Chinese entrepreneur,

the Executive Chairman of Alibaba Group,

a family of highly successful Internet-based businesses,

the first mainland Chinese entrepreneur

to appear on the cover of Forbes.

Getting started:

1. Think of one item that you have either bought or sold recently. How did the transaction take place? Did you negotiate the price? Were you satisfied with the result?

2. Have you ever bought or sold anything on the internet? What is different about buying things in an online market?

3. What is a market? a marketplace?

4. What types of market structures do you know?

5. What can you say about monopoly?

1. Words with the stress on the first syllable:crucial, element, market, structure, function, outcome, category, factor, power, product, entry, output, basic, model, buyer, seller, influence, type, typically, perfectly, customer, recipe, profit, fierce, feature, operate, detail.

2. Words with the stress on the second syllable:(to) determine, behaviour, (to) compete, competitor, approximately, (to) observe, restriction, advantage, monopoly, monopolist, significant, economist, economy, (to) produce, supply, demand, control, activity, distinction, effect, success, precisely, attempt, (to) collude, collusion, cartel, illegal, analysis.

3. Polysyllabic words with the main and secondary stress:competition, competitive, oligopoly, homogeneous, information, characteristics, situation, interaction, monopolistic, (to) maximize, relevant, circumstance, peculiar, inefficient, interrelationship, interdependent, marketplace.

Text A: Markets and Market Structure