1. Know the characteristics of a mono-comp industry.
2. Find the profit-maximizing price and output for a mono-comp firm.
3. Find profit for a mono-comp firm.
4. Find the profit maximizing point for a mono-comp firm in long run.
5. What is the excess capacity theorem?
6. When a mono-comp firm produces at a point where P > MC the firm is inefficient.
7. Will a mono-comp firm ever be resource allocative efficient?
8. Will a mono-comp firm advertise?
9. What characteristics describe a firm in oligopoly?
10. What is the dominant strategy.
11. Understand the mechanics of the prisoner's dilemma.
12. What is a payoff?
13. Identify the relevant strategies in a two player game.
14. What is a duopoly?
15. What is tacit collusion?
16. Work through the notes from Monday.
17. Understand the mechanics of the kinked demand curve.