TCCost of allfactors ofproduction,includingimplicit andexplicitcollusiveoligopolydiagramwith profitPerfectCompetitionMany smallfirms sellingidenticalproductsProfitMaximisationMC=MRMRRevenueper extraunit ofoutputLongRunAll factors ofproductionare variableAVCCost of allfactors ofproduction thatchange withoutput spreadout over outputProductiveEfficiencyMC=ATCOligopolyA few majorfirms sellingsimilarproductsProfitDifferencebetweentotal costand totalrevenuemonopolydiagramwithoutprofitsgametheoryperfectcompetitionin the longrunAFCCost of all factorsof production thatdo not change withoutput spread outover outputmonopoly diagramshowing inefficientallocation ofresources forsocietyRevenueMaximisationMR=0CRxthe amountof marketshare xnumber offirms holdTVCCost of allfactors ofproductionthat changewith outputMonopolisticCompetitionMany smallfirms sellingdifferentiatedproductsmonopolisticcompetitionin the longrunEconomiesof ScaleBenefit of costsdecreasing asoutputincreases to alarge amountperfectcompetitionin the shortrunShortRunAt least onefactor ofproduction isfixedmonopolisticcompetitionin the shortrunATCCost of allfactors ofproductionspread acrossall outputAbnormalProfitImplicit andexplicit costsareexceeded byrevenueMCCost peradditionalunit ofoutputMonopolyOnemajorfirmNormalProfitImplicit andexplicit costsare coveredTRPxQtotalcostcurvesAllocativeEfficiencyP=MCnaturalmonopolyTFCCost of allfactors ofproduction thatdoes notchange withoutputTCCost of allfactors ofproduction,includingimplicit andexplicitcollusiveoligopolydiagramwith profitPerfectCompetitionMany smallfirms sellingidenticalproductsProfitMaximisationMC=MRMRRevenueper extraunit ofoutputLongRunAll factors ofproductionare variableAVCCost of allfactors ofproduction thatchange withoutput spreadout over outputProductiveEfficiencyMC=ATCOligopolyA few majorfirms sellingsimilarproductsProfitDifferencebetweentotal costand totalrevenuemonopolydiagramwithoutprofitsgametheoryperfectcompetitionin the longrunAFCCost of all factorsof production thatdo not change withoutput spread outover outputmonopoly diagramshowing inefficientallocation ofresources forsocietyRevenueMaximisationMR=0CRxthe amountof marketshare xnumber offirms holdTVCCost of allfactors ofproductionthat changewith outputMonopolisticCompetitionMany smallfirms sellingdifferentiatedproductsmonopolisticcompetitionin the longrunEconomiesof ScaleBenefit of costsdecreasing asoutputincreases to alarge amountperfectcompetitionin the shortrunShortRunAt least onefactor ofproduction isfixedmonopolisticcompetitionin the shortrunATCCost of allfactors ofproductionspread acrossall outputAbnormalProfitImplicit andexplicit costsareexceeded byrevenueMCCost peradditionalunit ofoutputMonopolyOnemajorfirmNormalProfitImplicit andexplicit costsare coveredTRPxQtotalcostcurvesAllocativeEfficiencyP=MCnaturalmonopolyTFCCost of allfactors ofproduction thatdoes notchange withoutput

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.


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