TCCost of allfactors ofproduction,includingimplicit andexplicitNormalProfitImplicit andexplicit costsare coveredProfitMaximisationMC=MRcollusiveoligopolydiagramwith profitCRxthe amountof marketshare xnumber offirms holdOligopolyA few majorfirms sellingsimilarproductsAllocativeEfficiencyP=MCTVCCost of allfactors ofproductionthat changewith outputTFCCost of allfactors ofproduction thatdoes notchange withoutputgametheoryAVCCost of allfactors ofproduction thatchange withoutput spreadout over outputMRRevenueper extraunit ofoutputmonopolydiagramwithoutprofitstotalcostcurvesAFCCost of all factorsof production thatdo not change withoutput spread outover outputMonopolyOnemajorfirmProfitDifferencebetweentotal costand totalrevenuePerfectCompetitionMany smallfirms sellingidenticalproductsEconomiesof ScaleBenefit of costsdecreasing asoutputincreases to alarge amountTRPxQmonopoly diagramshowing inefficientallocation ofresources forsocietyperfectcompetitionin the longrunmonopolisticcompetitionin the longrunmonopolisticcompetitionin the shortrunAbnormalProfitImplicit andexplicit costsareexceeded byrevenueATCCost of allfactors ofproductionspread acrossall outputRevenueMaximisationMR=0ProductiveEfficiencyMC=ATCMonopolisticCompetitionMany smallfirms sellingdifferentiatedproductsLongRunAll factors ofproductionare variableMCCost peradditionalunit ofoutputShortRunAt least onefactor ofproduction isfixedperfectcompetitionin the shortrunnaturalmonopolyTCCost of allfactors ofproduction,includingimplicit andexplicitNormalProfitImplicit andexplicit costsare coveredProfitMaximisationMC=MRcollusiveoligopolydiagramwith profitCRxthe amountof marketshare xnumber offirms holdOligopolyA few majorfirms sellingsimilarproductsAllocativeEfficiencyP=MCTVCCost of allfactors ofproductionthat changewith outputTFCCost of allfactors ofproduction thatdoes notchange withoutputgametheoryAVCCost of allfactors ofproduction thatchange withoutput spreadout over outputMRRevenueper extraunit ofoutputmonopolydiagramwithoutprofitstotalcostcurvesAFCCost of all factorsof production thatdo not change withoutput spread outover outputMonopolyOnemajorfirmProfitDifferencebetweentotal costand totalrevenuePerfectCompetitionMany smallfirms sellingidenticalproductsEconomiesof ScaleBenefit of costsdecreasing asoutputincreases to alarge amountTRPxQmonopoly diagramshowing inefficientallocation ofresources forsocietyperfectcompetitionin the longrunmonopolisticcompetitionin the longrunmonopolisticcompetitionin the shortrunAbnormalProfitImplicit andexplicit costsareexceeded byrevenueATCCost of allfactors ofproductionspread acrossall outputRevenueMaximisationMR=0ProductiveEfficiencyMC=ATCMonopolisticCompetitionMany smallfirms sellingdifferentiatedproductsLongRunAll factors ofproductionare variableMCCost peradditionalunit ofoutputShortRunAt least onefactor ofproduction isfixedperfectcompetitionin the shortrunnaturalmonopoly

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