monopolydiagramwithoutprofitsPerfectCompetitionMany smallfirms sellingidenticalproductsMonopolyOnemajorfirmperfectcompetitionin the longrunmonopolisticcompetitionin the shortrunAbnormalProfitImplicit andexplicit costsareexceeded byrevenueATCCost of allfactors ofproductionspread acrossall outputmonopoly diagramshowing inefficientallocation ofresources forsocietyNormalProfitImplicit andexplicit costsare coveredCRxthe amountof marketshare xnumber offirms holdShortRunAt least onefactor ofproduction isfixedRevenueMaximisationMR=0OligopolyA few majorfirms sellingsimilarproductstotalcostcurvesAFCCost of all factorsof production thatdo not change withoutput spread outover outputTCCost of allfactors ofproduction,includingimplicit andexplicitmonopolisticcompetitionin the longrunAVCCost of allfactors ofproduction thatchange withoutput spreadout over outputProductiveEfficiencyMC=ATCEconomiesof ScaleBenefit of costsdecreasing asoutputincreases to alarge amountcollusiveoligopolydiagramwith profitMonopolisticCompetitionMany smallfirms sellingdifferentiatedproductsAllocativeEfficiencyP=MCProfitDifferencebetweentotal costand totalrevenueTVCCost of allfactors ofproductionthat changewith outputgametheoryTRPxQnaturalmonopolyTFCCost of allfactors ofproduction thatdoes notchange withoutputProfitMaximisationMC=MRperfectcompetitionin the shortrunMCCost peradditionalunit ofoutputMRRevenueper extraunit ofoutputLongRunAll factors ofproductionare variablemonopolydiagramwithoutprofitsPerfectCompetitionMany smallfirms sellingidenticalproductsMonopolyOnemajorfirmperfectcompetitionin the longrunmonopolisticcompetitionin the shortrunAbnormalProfitImplicit andexplicit costsareexceeded byrevenueATCCost of allfactors ofproductionspread acrossall outputmonopoly diagramshowing inefficientallocation ofresources forsocietyNormalProfitImplicit andexplicit costsare coveredCRxthe amountof marketshare xnumber offirms holdShortRunAt least onefactor ofproduction isfixedRevenueMaximisationMR=0OligopolyA few majorfirms sellingsimilarproductstotalcostcurvesAFCCost of all factorsof production thatdo not change withoutput spread outover outputTCCost of allfactors ofproduction,includingimplicit andexplicitmonopolisticcompetitionin the longrunAVCCost of allfactors ofproduction thatchange withoutput spreadout over outputProductiveEfficiencyMC=ATCEconomiesof ScaleBenefit of costsdecreasing asoutputincreases to alarge amountcollusiveoligopolydiagramwith profitMonopolisticCompetitionMany smallfirms sellingdifferentiatedproductsAllocativeEfficiencyP=MCProfitDifferencebetweentotal costand totalrevenueTVCCost of allfactors ofproductionthat changewith outputgametheoryTRPxQnaturalmonopolyTFCCost of allfactors ofproduction thatdoes notchange withoutputProfitMaximisationMC=MRperfectcompetitionin the shortrunMCCost peradditionalunit ofoutputMRRevenueper extraunit ofoutputLongRunAll factors ofproductionare variable

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