1
Q
What is a good way to gauge how close a particular marker is to being a monopoly
A
Measuring the degree of concentration in the market
2
Q
How is concentration usually measured
A
Concentration ratio
3
Q
How may concentration ratio be measured
A
Either shares in output or shares in employment
4
Q
What is best basis of concentration ratio for measuring market structure
A
Output
Microeconomics
flashcards
Decks in class (41)
# Cards
-
The Economic Problem26
-
Economics as a Social Science12
-
PPF24
-
Specialisation31
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Rational Decision Making9
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Demand11
-
PED15
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YED and XED13
-
Supply7
-
PES9
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Price Determination7
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Consumer and Producer Surplus10
-
Indirect Taxes and Subsidies19
-
Price Mechanism13
-
Types of Economies11
-
Alternate Views of Consumer Behaviour5
-
Types of Market Failure3
-
Externalities24
-
Public Goods10
-
Information Gaps7
-
Government Intervention18
-
Tradeable Pollution Permits4
-
Size and Types of Firms18
-
Business Growth33
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Business Objectives6
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Costs and Revenues30
-
Economies and Diseconomies of Scale23
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Profit and Loss19
-
Efficiency8
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Perfect Competition21
-
Demand and Supply for Labour20
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Monopoly15
-
Monopolistic Competition16
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Labour Market Issues13
-
Oligopoly8
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Concentration Ratio4
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Contestable Markets15
-
Monopsony and Natural Monopoly13
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Monopolies and Mergers29
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Competition and Protecting Suppliers21
-
Regulatory Capture3
