TRPxQAbnormalProfitImplicit andexplicit costsareexceeded byrevenuemonopolisticcompetitionin the shortruncollusiveoligopolydiagramwith profitOligopolyA few majorfirms sellingsimilarproductsTCCost of allfactors ofproduction,includingimplicit andexplicitMonopolyOnemajorfirmRevenueMaximisationMR=0perfectcompetitionin the longrunProductiveEfficiencyMC=ATCgametheoryTFCCost of allfactors ofproduction thatdoes notchange withoutputMCCost peradditionalunit ofoutputProfitDifferencebetweentotal costand totalrevenueEconomiesof ScaleBenefit of costsdecreasing asoutputincreases to alarge amountShortRunAt least onefactor ofproduction isfixednaturalmonopolyProfitMaximisationMC=MRAFCCost of all factorsof production thatdo not change withoutput spread outover outputPerfectCompetitionMany smallfirms sellingidenticalproductsMRRevenueper extraunit ofoutputTVCCost of allfactors ofproductionthat changewith outputMonopolisticCompetitionMany smallfirms sellingdifferentiatedproductsAVCCost of allfactors ofproduction thatchange withoutput spreadout over outputmonopolisticcompetitionin the longrunCRxthe amountof marketshare xnumber offirms holdNormalProfitImplicit andexplicit costsare coveredATCCost of allfactors ofproductionspread acrossall outputmonopoly diagramshowing inefficientallocation ofresources forsocietyperfectcompetitionin the shortrunAllocativeEfficiencyP=MCtotalcostcurvesLongRunAll factors ofproductionare variablemonopolydiagramwithoutprofitsTRPxQAbnormalProfitImplicit andexplicit costsareexceeded byrevenuemonopolisticcompetitionin the shortruncollusiveoligopolydiagramwith profitOligopolyA few majorfirms sellingsimilarproductsTCCost of allfactors ofproduction,includingimplicit andexplicitMonopolyOnemajorfirmRevenueMaximisationMR=0perfectcompetitionin the longrunProductiveEfficiencyMC=ATCgametheoryTFCCost of allfactors ofproduction thatdoes notchange withoutputMCCost peradditionalunit ofoutputProfitDifferencebetweentotal costand totalrevenueEconomiesof ScaleBenefit of costsdecreasing asoutputincreases to alarge amountShortRunAt least onefactor ofproduction isfixednaturalmonopolyProfitMaximisationMC=MRAFCCost of all factorsof production thatdo not change withoutput spread outover outputPerfectCompetitionMany smallfirms sellingidenticalproductsMRRevenueper extraunit ofoutputTVCCost of allfactors ofproductionthat changewith outputMonopolisticCompetitionMany smallfirms sellingdifferentiatedproductsAVCCost of allfactors ofproduction thatchange withoutput spreadout over outputmonopolisticcompetitionin the longrunCRxthe amountof marketshare xnumber offirms holdNormalProfitImplicit andexplicit costsare coveredATCCost of allfactors ofproductionspread acrossall outputmonopoly diagramshowing inefficientallocation ofresources forsocietyperfectcompetitionin the shortrunAllocativeEfficiencyP=MCtotalcostcurvesLongRunAll factors ofproductionare variablemonopolydiagramwithoutprofits

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