This class was created by Brainscape user Ariana Shoaib. Visit their profile to learn more about the creator.

Decks in this class (13)

Costs, Revenue and Profit
Short run 1,
Explicit costs 2,
Implicit costs 3
21  cards
Barriers to Entry/Exit
Barriers to entry 1,
Legal barriers to entry examples 2,
Technical barriers to entry examp...
7  cards
Efficiency
Define allocative efficiency 1,
Define productive efficiency 2,
Define x efficiency 3
12  cards
Market Failure
Define market failure 1,
What are the consequences of mark...,
What are the reasons for market f...
27  cards
Government Microeconomic Intervention
Define government failure 1,
How is information failure a caus...,
How are adminstrative enforcement...
30  cards
Perfect Competition
What are the characteristics of p...,
What does it mean that firms are ...,
What profits are achieved in the ...
17  cards
Monopoly
What is a monopoly 1,
What are the characteristics of a...,
What are some barriers to entry i...
22  cards
Monopolistic Competition
What are the characteristics of m...,
Describe the revenue curves of mo...,
Why do firms in monopolistic comp...
20  cards
Oligopoly
Define oligopoly 1,
Define concentration ratios 2,
What is the ratio written as 3
22  cards
Contestable Markets
What is a contestable market 1,
What are the characteristics of a...,
What is hit and run competition 3
13  cards
The Labour Market
How is labour a derived demand 1,
What does the demand curve for la...,
What is marginal revenue product ...
36  cards
Wealth and Income Equality
Differentiate between wealth and ...,
How is income and wealth mutually...,
What are some reasons for differe...
24  cards
Price Discrimination
Define price discrimination 1,
What are the necessary conditions...,
What is first degree price discri...
11  cards

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A Level Micro-Economics

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A Level Economics
  • 50 decks
  • 1987 flashcards
  • 1170 learners
Decks: Section 1 The Economic Problem, Section 2 Competitive Markets, Section 3 Business Economics, And more!
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