Monopoly
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
|
|
||||
---|---|---|---|---|---|
Barriers to entry | show 🗑
|
||||
show | Sometime called organisational slack Not reducing costs to the lowest level – the gap between the actual and lowest possible cost
🗑
|
||||
show | A grant of temporary monopoly rights over a new product
🗑
|
||||
Copyright | show 🗑
|
||||
show | Taking a firm/industry into public ownership – owned by the state
🗑
|
||||
show | Existing firm(s) in the industry
🗑
|
||||
show | Setting a price so low that other firms will not enter the industry
🗑
|
||||
show | Irretrievable costs that occur when a firm exits an industry
🗑
|
||||
Legal monopoly | show 🗑
|
||||
Product differentiation | show 🗑
|
||||
show | Setting the price at the level of marginal cost
🗑
|
||||
show | Setting the price at the level of average cost
🗑
|
||||
Dead-weight / welfare loss | show 🗑
|
||||
Price discrimination | show 🗑
|
||||
show | When the discriminating can charge a separate price to each individual consumer
🗑
|
||||
2nd degree | show 🗑
|
||||
3rd degree | show 🗑
|
Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
Created by:
zuigy
Popular Economics sets