perfectcompetitionin the shortrunMRRevenueper extraunit ofoutputEconomiesof ScaleBenefit of costsdecreasing asoutputincreases to alarge amountNormalProfitImplicit andexplicit costsare coveredAVCCost of allfactors ofproduction thatchange withoutput spreadout over outputLongRunAll factors ofproductionare variableATCCost of allfactors ofproductionspread acrossall outputMonopolyOnemajorfirmTVCCost of allfactors ofproductionthat changewith outputPerfectCompetitionMany smallfirms sellingidenticalproductsTFCCost of allfactors ofproduction thatdoes notchange withoutputProfitDifferencebetweentotal costand totalrevenueProductiveEfficiencyMC=ATCOligopolyA few majorfirms sellingsimilarproductsmonopoly diagramshowing inefficientallocation ofresources forsocietyCRxthe amountof marketshare xnumber offirms holdnaturalmonopolyMonopolisticCompetitionMany smallfirms sellingdifferentiatedproductsmonopolydiagramwithoutprofitsShortRunAt least onefactor ofproduction isfixedAbnormalProfitImplicit andexplicit costsareexceeded byrevenuetotalcostcurvesRevenueMaximisationMR=0AFCCost of all factorsof production thatdo not change withoutput spread outover outputTCCost of allfactors ofproduction,includingimplicit andexplicitAllocativeEfficiencyP=MCMCCost peradditionalunit ofoutputgametheorycollusiveoligopolydiagramwith profitTRPxQmonopolisticcompetitionin the longrunperfectcompetitionin the longrunmonopolisticcompetitionin the shortrunProfitMaximisationMC=MRperfectcompetitionin the shortrunMRRevenueper extraunit ofoutputEconomiesof ScaleBenefit of costsdecreasing asoutputincreases to alarge amountNormalProfitImplicit andexplicit costsare coveredAVCCost of allfactors ofproduction thatchange withoutput spreadout over outputLongRunAll factors ofproductionare variableATCCost of allfactors ofproductionspread acrossall outputMonopolyOnemajorfirmTVCCost of allfactors ofproductionthat changewith outputPerfectCompetitionMany smallfirms sellingidenticalproductsTFCCost of allfactors ofproduction thatdoes notchange withoutputProfitDifferencebetweentotal costand totalrevenueProductiveEfficiencyMC=ATCOligopolyA few majorfirms sellingsimilarproductsmonopoly diagramshowing inefficientallocation ofresources forsocietyCRxthe amountof marketshare xnumber offirms holdnaturalmonopolyMonopolisticCompetitionMany smallfirms sellingdifferentiatedproductsmonopolydiagramwithoutprofitsShortRunAt least onefactor ofproduction isfixedAbnormalProfitImplicit andexplicit costsareexceeded byrevenuetotalcostcurvesRevenueMaximisationMR=0AFCCost of all factorsof production thatdo not change withoutput spread outover outputTCCost of allfactors ofproduction,includingimplicit andexplicitAllocativeEfficiencyP=MCMCCost peradditionalunit ofoutputgametheorycollusiveoligopolydiagramwith profitTRPxQmonopolisticcompetitionin the longrunperfectcompetitionin the longrunmonopolisticcompetitionin the shortrunProfitMaximisationMC=MR

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