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Jeopardy. Government Regulations. Current Events. Demand. Supply. Monopoly. Q $100. Q $100. Q $100. Q $100. Q $100. Q $200. Q $200. Q $200. Q $200. Q $200. Q $300. Q $300. Q $300. Q $300. Q $300. Q $400. Q $400. Q $400. Q $400. Q $400. Q $500. Q $500. Q $500. Q $500.
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Jeopardy Government Regulations Current Events Demand Supply Monopoly Q $100 Q $100 Q $100 Q $100 Q $100 Q $200 Q $200 Q $200 Q $200 Q $200 Q $300 Q $300 Q $300 Q $300 Q $300 Q $400 Q $400 Q $400 Q $400 Q $400 Q $500 Q $500 Q $500 Q $500 Q $500 Final Jeopardy
$100 Question from Supply Haircuts are this because they can react quickly to price change
$100 Answer from Supply Elastic
$200 Question from Supply Law of Supply
$200 Answer from Supply Supply increases as price increases
$300 Question from Supply Supply curve
$300 Answer from Supply Begins bottom left and rises right
$400 Question from Supply The government pays producers to produce a certain amount of a product
$400 Answer from Supply subsidy
$500 Question from Supply Margin of production decreases when another worker gets hired
$500 Answer from Supply Diminishing marginal returns
$100 Question from Demand Law of demand
$100 Answer from Demand Demand decreases when price increases
$200 Question from Demand If price is too high for a PlayStation 4, someone may buy an Xbox One instead.
$200 Answer from Demand Substitution effect
$300 Question from Demand A toothbrush and toothpaste are examples of…
$300 Answer from Demand Complementary goods
$400 Question from Demand When the price increases, demand stays the same
$400 Answer from Demand Inelastic demand
$500 Question from The Supreme Court The money a company gets from selling it’s products
$500 Answer from Demand Total Revenue
$100 Question from Monopoly The right for a person or company to produce and sell an item exclusively
$100 Answer from Monopoly Patent
$200 Question from Monopoly Southern California Edison is an example of this type of monopoly because it’s more effecient
$200 Answer from Monopoly Natural monopoly
$300 Question from Monopoly People are broken into groups based on how much they are willing to pay
$300 Answer from Monopoly Price discrimination
$400 Question from Monopoly Someone buys the right to sell another company’s products and use the company’s name
$400 Answer from Monopoly Franchise
$500 Question from Monopoly A few company’s run the market and set production levels
$500 Answer from Monopoly Oligopoly
$100 Question from Regulations The government may block two companies from becoming one if the resulting company becomes too big
$100 Answer from Regulations Merger
$200 Question from Regulations The ban of Tesla stores in NJ is this part of imperfect competition
$200 Answer from Regulations Barrier to entry
$300 Question from Regulations an agreement between formal organizations to set price and production standards
$300 Answer from Regulations Cartel
$400 Question from Regulations Standard Oil was broken up using this
$400 Answer from Regulations Antitrust laws
$500 Question from Regulations When a company can’t charge over a certain amount for a good or service
$500 Answer from Regulations Price ceiling
$100 Question from Current Events Disney keeps raising prices, even during tough economic times, trying to find this
$100 Answer from Current Events Equilibrium
$200 Question from Current Events Wal-Mart was accused of this (lowering prices to get rid of competition)
$200 Answer from Current Events Predatory pricing
$300 Question from Current Events The burst of the housing bubble and bank failures were a result of this
$300 Answer from Current Events deregulation
$400 Question from Current Events A reason why someone is more likely to open a pizzeria rather than an industrial factory
$400 Answer from Current Events Startup cost
$500 Question from Current Events Minimum wage is an example of…
