Answers to Matching Set # Two A. economies of scale, legal barriers, resource control B. at the lowest point on the average total cost (ATC) curve. C. cut-throat competition in an oligopolistic industry creates this effect D. (P - ATC) x Q E. losing money F. read off the demand curve G. patent H. sum of the squares of the amount of market control of firms in the industry, adopted as the standard for judging anti-trust violation with Reagan Administration. I. every firm attempts to produce at this level of maximization of profit J. profitable operation K. falls two to one for every drop in demand curve L. earnings in excess of what other investment would have earned. M. earning less than what alternative investment would have brought. N. the low point on the firm's ATC curve -- if the price is below this point, the firm will go out of business in the long run. O. a numerical classification system delineating more specific production within a given industry. P. earnings that are the same as could have been anticipated in another form of investment of capital. Q. the lowest point on a firm's AVC curve -- if price is below this point, the firm will cease to operate in the short run. R. liabilities in excess of revenue. S. Chrysler/AMC/Jeep or Strohs/Schlitz or Detroit News/ Free Press T. industry in which a single firm can provide cheaper service than could several competing firms. U. difference in prices charged based on legally permissable criterion. V. distinction in service or item produced W. Brown Shoe/ Kinney Shoes or Ford Motor/Rouge Steel/ DT&I Railroad/ Shipping/Mining X. GM/ EDS or perhaps US Steel/Burger King, Ralston-Purina/Jack-in-the-Box Y. measure of degree of market control which adds the shares held by the biggest usually four competitors. Z. illegally or unethically based difference in prices charged customers. Continue