MonopolyOnemajorfirmmonopolydiagramwithoutprofitsPerfectCompetitionMany smallfirms sellingidenticalproductsOligopolyA few majorfirms sellingsimilarproductsProductiveEfficiencyMC=ATCMCCost peradditionalunit ofoutputgametheoryTRPxQcollusiveoligopolydiagramwith profitTCCost of allfactors ofproduction,includingimplicit andexplicitTVCCost of allfactors ofproductionthat changewith outputEconomiesof ScaleBenefit of costsdecreasing asoutputincreases to alarge amountmonopolisticcompetitionin the longrunMonopolisticCompetitionMany smallfirms sellingdifferentiatedproductsTFCCost of allfactors ofproduction thatdoes notchange withoutputAbnormalProfitImplicit andexplicit costsareexceeded byrevenuemonopolisticcompetitionin the shortrunperfectcompetitionin the shortrunnaturalmonopolyMRRevenueper extraunit ofoutputmonopoly diagramshowing inefficientallocation ofresources forsocietyProfitMaximisationMC=MRCRxthe amountof marketshare xnumber offirms holdRevenueMaximisationMR=0NormalProfitImplicit andexplicit costsare coveredAllocativeEfficiencyP=MCAVCCost of allfactors ofproduction thatchange withoutput spreadout over outputATCCost of allfactors ofproductionspread acrossall outputProfitDifferencebetweentotal costand totalrevenueLongRunAll factors ofproductionare variabletotalcostcurvesperfectcompetitionin the longrunAFCCost of all factorsof production thatdo not change withoutput spread outover outputShortRunAt least onefactor ofproduction isfixedMonopolyOnemajorfirmmonopolydiagramwithoutprofitsPerfectCompetitionMany smallfirms sellingidenticalproductsOligopolyA few majorfirms sellingsimilarproductsProductiveEfficiencyMC=ATCMCCost peradditionalunit ofoutputgametheoryTRPxQcollusiveoligopolydiagramwith profitTCCost of allfactors ofproduction,includingimplicit andexplicitTVCCost of allfactors ofproductionthat changewith outputEconomiesof ScaleBenefit of costsdecreasing asoutputincreases to alarge amountmonopolisticcompetitionin the longrunMonopolisticCompetitionMany smallfirms sellingdifferentiatedproductsTFCCost of allfactors ofproduction thatdoes notchange withoutputAbnormalProfitImplicit andexplicit costsareexceeded byrevenuemonopolisticcompetitionin the shortrunperfectcompetitionin the shortrunnaturalmonopolyMRRevenueper extraunit ofoutputmonopoly diagramshowing inefficientallocation ofresources forsocietyProfitMaximisationMC=MRCRxthe amountof marketshare xnumber offirms holdRevenueMaximisationMR=0NormalProfitImplicit andexplicit costsare coveredAllocativeEfficiencyP=MCAVCCost of allfactors ofproduction thatchange withoutput spreadout over outputATCCost of allfactors ofproductionspread acrossall outputProfitDifferencebetweentotal costand totalrevenueLongRunAll factors ofproductionare variabletotalcostcurvesperfectcompetitionin the longrunAFCCost of all factorsof production thatdo not change withoutput spread outover outputShortRunAt least onefactor ofproduction isfixed

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