TRPxQTCCost of allfactors ofproduction,includingimplicit andexplicitperfectcompetitionin the shortrunPerfectCompetitionMany smallfirms sellingidenticalproductsMCCost peradditionalunit ofoutputmonopoly diagramshowing inefficientallocation ofresources forsocietymonopolisticcompetitionin the longrunOligopolyA few majorfirms sellingsimilarproductsmonopolydiagramwithoutprofitscollusiveoligopolydiagramwith profitAllocativeEfficiencyP=MCShortRunAt least onefactor ofproduction isfixedRevenueMaximisationMR=0AFCCost of all factorsof production thatdo not change withoutput spread outover outputATCCost of allfactors ofproductionspread acrossall outputperfectcompetitionin the longrunProductiveEfficiencyMC=ATCAbnormalProfitImplicit andexplicit costsareexceeded byrevenueProfitMaximisationMC=MRMonopolyOnemajorfirmAVCCost of allfactors ofproduction thatchange withoutput spreadout over outputnaturalmonopolymonopolisticcompetitionin the shortruntotalcostcurvesLongRunAll factors ofproductionare variableTFCCost of allfactors ofproduction thatdoes notchange withoutputMonopolisticCompetitionMany smallfirms sellingdifferentiatedproductsgametheoryProfitDifferencebetweentotal costand totalrevenueTVCCost of allfactors ofproductionthat changewith outputMRRevenueper extraunit ofoutputNormalProfitImplicit andexplicit costsare coveredEconomiesof ScaleBenefit of costsdecreasing asoutputincreases to alarge amountCRxthe amountof marketshare xnumber offirms holdTRPxQTCCost of allfactors ofproduction,includingimplicit andexplicitperfectcompetitionin the shortrunPerfectCompetitionMany smallfirms sellingidenticalproductsMCCost peradditionalunit ofoutputmonopoly diagramshowing inefficientallocation ofresources forsocietymonopolisticcompetitionin the longrunOligopolyA few majorfirms sellingsimilarproductsmonopolydiagramwithoutprofitscollusiveoligopolydiagramwith profitAllocativeEfficiencyP=MCShortRunAt least onefactor ofproduction isfixedRevenueMaximisationMR=0AFCCost of all factorsof production thatdo not change withoutput spread outover outputATCCost of allfactors ofproductionspread acrossall outputperfectcompetitionin the longrunProductiveEfficiencyMC=ATCAbnormalProfitImplicit andexplicit costsareexceeded byrevenueProfitMaximisationMC=MRMonopolyOnemajorfirmAVCCost of allfactors ofproduction thatchange withoutput spreadout over outputnaturalmonopolymonopolisticcompetitionin the shortruntotalcostcurvesLongRunAll factors ofproductionare variableTFCCost of allfactors ofproduction thatdoes notchange withoutputMonopolisticCompetitionMany smallfirms sellingdifferentiatedproductsgametheoryProfitDifferencebetweentotal costand totalrevenueTVCCost of allfactors ofproductionthat changewith outputMRRevenueper extraunit ofoutputNormalProfitImplicit andexplicit costsare coveredEconomiesof ScaleBenefit of costsdecreasing asoutputincreases to alarge amountCRxthe amountof marketshare xnumber offirms hold

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