collusiveoligopolydiagramwith profitperfectcompetitionin the shortrunTVCCost of allfactors ofproductionthat changewith outputNormalProfitImplicit andexplicit costsare coveredmonopoly diagramshowing inefficientallocation ofresources forsocietyAllocativeEfficiencyP=MCmonopolisticcompetitionin the longrunOligopolyA few majorfirms sellingsimilarproductsEconomiesof ScaleBenefit of costsdecreasing asoutputincreases to alarge amountAFCCost of all factorsof production thatdo not change withoutput spread outover outputTRPxQShortRunAt least onefactor ofproduction isfixedCRxthe amountof marketshare xnumber offirms holdperfectcompetitionin the longrunProductiveEfficiencyMC=ATCMonopolyOnemajorfirmPerfectCompetitionMany smallfirms sellingidenticalproductsMRRevenueper extraunit ofoutputmonopolisticcompetitionin the shortrunnaturalmonopolytotalcostcurvesLongRunAll factors ofproductionare variableAbnormalProfitImplicit andexplicit costsareexceeded byrevenueTCCost of allfactors ofproduction,includingimplicit andexplicitProfitDifferencebetweentotal costand totalrevenueProfitMaximisationMC=MRgametheoryMCCost peradditionalunit ofoutputAVCCost of allfactors ofproduction thatchange withoutput spreadout over outputTFCCost of allfactors ofproduction thatdoes notchange withoutputATCCost of allfactors ofproductionspread acrossall outputMonopolisticCompetitionMany smallfirms sellingdifferentiatedproductsmonopolydiagramwithoutprofitsRevenueMaximisationMR=0collusiveoligopolydiagramwith profitperfectcompetitionin the shortrunTVCCost of allfactors ofproductionthat changewith outputNormalProfitImplicit andexplicit costsare coveredmonopoly diagramshowing inefficientallocation ofresources forsocietyAllocativeEfficiencyP=MCmonopolisticcompetitionin the longrunOligopolyA few majorfirms sellingsimilarproductsEconomiesof ScaleBenefit of costsdecreasing asoutputincreases to alarge amountAFCCost of all factorsof production thatdo not change withoutput spread outover outputTRPxQShortRunAt least onefactor ofproduction isfixedCRxthe amountof marketshare xnumber offirms holdperfectcompetitionin the longrunProductiveEfficiencyMC=ATCMonopolyOnemajorfirmPerfectCompetitionMany smallfirms sellingidenticalproductsMRRevenueper extraunit ofoutputmonopolisticcompetitionin the shortrunnaturalmonopolytotalcostcurvesLongRunAll factors ofproductionare variableAbnormalProfitImplicit andexplicit costsareexceeded byrevenueTCCost of allfactors ofproduction,includingimplicit andexplicitProfitDifferencebetweentotal costand totalrevenueProfitMaximisationMC=MRgametheoryMCCost peradditionalunit ofoutputAVCCost of allfactors ofproduction thatchange withoutput spreadout over outputTFCCost of allfactors ofproduction thatdoes notchange withoutputATCCost of allfactors ofproductionspread acrossall outputMonopolisticCompetitionMany smallfirms sellingdifferentiatedproductsmonopolydiagramwithoutprofitsRevenueMaximisationMR=0

Market Power Bingo - Call List

(Print) Use this randomly generated list as your call list when playing the game. There is no need to say the BINGO column name. Place some kind of mark (like an X, a checkmark, a dot, tally mark, etc) on each cell as you announce it, to keep track. You can also cut out each item, place them in a bag and pull words from the bag.


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  1. collusive oligopoly diagram with profit
  2. perfect competition in the short run
  3. Cost of all factors of production that change with output
    TVC
  4. Implicit and explicit costs are covered
    Normal Profit
  5. monopoly diagram showing inefficient allocation of resources for society
  6. P=MC
    Allocative Efficiency
  7. monopolistic competition in the long run
  8. A few major firms selling similar products
    Oligopoly
  9. Benefit of costs decreasing as output increases to a large amount
    Economies of Scale
  10. Cost of all factors of production that do not change with output spread out over output
    AFC
  11. PxQ
    TR
  12. At least one factor of production is fixed
    Short Run
  13. the amount of market share x number of firms hold
    CRx
  14. perfect competition in the long run
  15. MC=ATC
    Productive Efficiency
  16. One major firm
    Monopoly
  17. Many small firms selling identical products
    Perfect Competition
  18. Revenue per extra unit of output
    MR
  19. monopolistic competition in the short run
  20. natural monopoly
  21. total cost curves
  22. All factors of production are variable
    Long Run
  23. Implicit and explicit costs are exceeded by revenue
    Abnormal Profit
  24. Cost of all factors of production, including implicit and explicit
    TC
  25. Difference between total cost and total revenue
    Profit
  26. MC=MR
    Profit Maximisation
  27. game theory
  28. Cost per additional unit of output
    MC
  29. Cost of all factors of production that change with output spread out over output
    AVC
  30. Cost of all factors of production that does not change with output
    TFC
  31. Cost of all factors of production spread across all output
    ATC
  32. Many small firms selling differentiated products
    Monopolistic Competition
  33. monopoly diagram without profits
  34. MR=0
    Revenue Maximisation