There are 45 entries in the GLOSS*arama starting with the letter O.

Entries 1 through 35:

• OAS
• occupational mobility
• Occupational Safety and Health Administration
• Office of Management and Budget
• oikonomos
• Okun's law
• oligopolistic behavior
• oligopoly
• oligopoly and monopolistic competition
• oligopoly and monopoly
• oligopoly characteristics
• oligopoly, concentration
• oligopoly, realism
• oligopsony
• OMB
• OMO
• OPEC
• open economy
• open market
• open market operations
• open shop
• operating statement
• opportunity cost
• opportunity cost, production possibilities
• option
• ordinal
• ordinal utility
• Organization of American States
• Organization of Petroleum Exporting Countries
• organized labor
• origin
• OSHA
• other prices
• other things equal
• outlaw strike

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An analysis using the kinked-demand curve to explain rigid prices often found with oligopoly. The kinked-demand curve contains two distinct segments--one for higher prices that is more elastic and one for lower prices that is less elastic. Key to this analysis is that the corresponding marginal revenue curve contains three segments--one associated with the more elastic segment, one associated with the less elastic segment, and one associated with the kink. A profit-maximizing firm can then equate marginal cost to a wide range of marginal revenue values along the vertical segment of the marginal revenue curve. This suggests that marginal cost must change significantly before an oligopolistic firm is inclined to change price.

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It's a great day to take in a ball game, don't you think? With our hustling, bustling jaunt through the economy, we probably deserve a relaxing afternoon of hot dogs and peanuts with my favorite baseball team -- the Shady Valley Primadonnas. Of course the hot dogs and peanuts are overpriced, and you might need a second mortgage on your house to buy the ticket, but the expense is worth watching of the finest athletes in the world display their world-class athletic abilities. We might even coax an autograph from the Primadonnas all-star centerfielder -- Harold "Hair Doo" Dueterman.
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Today, you are likely to spend a great deal of time at a going out of business sale looking to buy either a coffee cup commemorating the first day of spring or a printer that works with your stockpile of ink cartridges. Be on the lookout for slow moving vehicles with darkened windows.
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-- Peter Marshall, US Senate chaplain

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