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Aarun ECON (Theme 3)

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

By: Shyam Gupta
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Decks in this class (14)

LS1 - Size And Types Of Firms
Reasons why firms seek growth 1,
Reasons why some firms choose to ...,
Reasons why some firms must remai...
5  cards
LS2 - How Businesses Grow
Internal organic growth 1,
External inorganic growth 2,
Types of mergers 3
11  cards
LS3 - Costs And Revenues
Fixed costs 1,
Total costs 2,
Variable costs 3
11  cards
LS4 - Economies And Diseconomies Of Scale
What happens to a firm as it incr...,
Returns to scale 2,
Types of economies of scale inter...
5  cards
LS5 And 6 - Profit, Loss, Business Objectives
Profit 1,
Normal profit 2,
Supernormal profit 3
10  cards
LS7 - Efficiency
Efficiency 1,
Productive efficiency 2,
Allocative efficiency 3
5  cards
LS8 - Perfect Competition
Perfect competition model 1,
Perfect competition assumptions 2,
Perfect comp profit maximising eq...
5  cards
LS9 - Demand And Supply For Labour
Factors that shift the demand cur...,
Demand for labour 2,
Supply of labour 3
9  cards
LS10 - Monopoly
Assumptions of monopoly 1,
Monopoly in equilibrium 2,
Monopoly profit max diagram 3
8  cards
LS11 - Monopolistic Competition
Monopolistic competition characte...,
Monopolistic comp short run profi...,
Monopolistic comp long run profit...
8  cards
LS13 + LS14 - Oligopoly And Contestability
Characteristics of oligopoly e 1,
Oligopoly 2,
Concentration ratio 3
14  cards
LS15 - Monopsony, Natural Monopoly
Monopsony 1,
Natural monopoly 2,
Barriers to entry and exit 3
4  cards
LS16 + LS18 - Regulation, Regulatory Capture
Downsides of monopoly power 1,
Anti competitive policies 2,
Competition policy 3
17  cards
LS17 - Competition, Protecting Suppliers And Workers
Sme 1,
Start up 2,
Why should governments support sm...
18  cards

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Aarun ECON (Theme 3)

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