Glossary - Sheet1 Page 1 Key Term Adverse Selection...

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Unformatted text preview: Sheet1 Page 1 Key Term Adverse Selection Affiliated (Or Correlated) Value Estimates Antitrust Policy Asymmetric Information Average Fixed Cost Average Product Average Variable Cost Bertrand Oligopoly Best-Response (Or Reaction) Function Block Pricing Brand Equity Budget Line Budget Set Change In Demand Change In Quantity Demanded Change In Quantity Supplied Change In Supply Cobb-Douglas Production Function Commodity Bundling Common Value Comparative Advertising Complements Constant Returns To Scale Sheet1 Page 2 Consumer Equilibrium Consumer Surplus Contestable Market Contract Cost Complementarity Cournot Equilibrium Cournot Oligopoly Cross-Price Elasticity Cross-Subsidy Cubic Cost Function Dansby-Willig Performance Index Deadweight Loss Of Monopoly Decreasing (Diminishing) Marginal Returns Demand Function Direct Network Externality Diseconomies Of Scale Dominant Strategy Dutch Auction Economic Profits Economics Economies Of Scale Economies Of Scope Elastic Demand Elasticity English Auction Sheet1 Page 3 Extensive-Form Game Firm Demand Curve First-Price, Sealed-Bid Auction Fixed And Variable Factors Of Production Fixed Costs Four-Firm Concentration Ratio Full Economic Price Green Marketing Herfindahl-Hirschman Index (HHI) Hidden Action Hidden Characteristics Income Effect Income Elasticity Increasing Marginal Returns Incremental Costs Incremental Revenues Independent Private Values Indifference Curve Indirect Network Externality (Network Comple- Mentarities) Inelastic Demand Inferior Good Infinitely Repeated Game Isocost Line Isoprofit Curve Isoquant Sheet1 Page 4 Law Of Diminishing Marginal Rate Of Technical Substitution Learning Curve Effects Least Squares Regression Leontief Production Function Lerner Index Limit Pricing Linear Demand Function Linear Production Function Linear Supply Function Log-Linear Demand Long-Run Average Cost Curve Lump-Sum Tariff Manager Managerial Economics Marginal (Incremental) Cost Marginal Benefit Marginal Cost Marginal Product Marginal Rate Of Substitution (MRS) Marginal Rate Of Technical Substitution (MRTS) Marginal Revenue Market Demand Curve Market Power Market Rate Of Substitution Sheet1 Page 5 Market Structure Market Supply Curve Mean (Expected Value) Mixed (Randomized) Strategy Monopolistically Competitive Market Monopoly Moral Hazard Multiproduct Cost Function Nash Equilibrium Negative Externalities Negative Marginal Returns Net Present Value Niche Marketing Nonexclusionary Consumption Nonrival Consumption Normal Good Normal-Form Game Oligopoly Opportunity Cost Own Price Elasticity Peak-Load Pricing Penetration Pricing Perfectly Competitive Market Perfectly Elastic Demand Sheet1 Page 6 Perfectly Inelastic Demand Per-Unit (Or Excise) Tariff Predatory Pricing Present Value Price Ceiling Price Discrimination Price Floor Price Matching Price–Cost Squeeze Producer Surplus Production Function Profit Sharing Public Good Quota Raising Rivals' Costs Randomized Pricing Relationship-Specific Exchange Rent Seeking Reservation Price...
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This note was uploaded on 05/18/2010 for the course ECON 419 taught by Professor Holland during the Summer '10 term at Purdue.

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Glossary - Sheet1 Page 1 Key Term Adverse Selection...

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