This bingo card has 28 words: Free!, The law of diminishing (marginal) returns (LDMR), Returns to scale, Marginal cost, Minimum efficient scale, Subnormal profit, Productivity gap, Dynamic efficiency, Fixed cost, The Principal-Agent problem, Natural barriers to entry, Artificial / man-made barriers to entry, Predatory pricing, Limit Pricing, Sales Maximisation, Revenue Maximisation, Profit Maximisation, Saturation advertising, Natural monopoly, Producer surplus, Consumer surplus, Hit-and-run competition, Contestable market, Conditions necessary for price discrimination, Cartel, Price taker, Patent and Barrier to exit.
Perfect & Imperfect Competition Review | Economics! | Macroeconomics | BE BINGO | BE BINGO
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