This class was created by Brainscape user Esme Wishart. Visit their profile to learn more about the creator.
By:
Esme Wishart
- decks
- flashcards
- learners
Decks in this class (11)
Contestable Markets
Contestable,
Sunk costs
2
cards
Allocative Efficiency
Allocative efficiency,
Allocative efficiency vs producti...,
Why do firms wish to achieve allo...
8
cards
Production and cost theory
Marginal product,
Specialisation division of labour,
Law of diminishing marginal produ...
17
cards
Revenue theory and market structures
Profit,
Revenue depends on,
Perfect competition
14
cards
Perfect competition and monopoly
Objective of firms,
Equilibrium condition for profit ...,
Mr mc
24
cards
Perfect competition and monopoly EV - Efficiency
Is perfect competition preferable...,
Fundamental purpose of economic s...,
Economic efficiency
25
cards
Perfect competition and monopoly EV - Economic Welfare
Economic welfare,
Consumer surplus,
Producer surplus
13
cards
Oligopoly and concentrated markets 1
Imperfect competition,
Spectrum of imperfect competition,
Duopoly
32
cards
Price discrimination
Price discrimination,
Do not confuse price discriminati...,
4 conditions necessary for price ...
21
cards
Oligopoly and concentrated markets 2
Non price competition,
Forms of non price competition,
Barriers to entry
28
cards
Economies of scale
Internal eos,
Plant level eos,
Examples technical eos
18
cards
More about
Econ 3
- Class purpose General learning
Learn faster with Brainscape on your web, iPhone, or Android device. Study Esme Wishart's Econ 3 flashcards now!
How studying works.
Brainscape's adaptive web mobile flashcards system will drill you on your weaknesses, using a pattern guaranteed to help you learn more in less time.
Add your own flashcards.
Either request "Edit" access from the author, or make a copy of the class to edit as your own. And you can always create a totally new class of your own too!
What's Brainscape anyway?
Brainscape is a digital flashcards platform where you can find, create, share, and study any subject on the planet.
We use an adaptive study algorithm that is proven to help you learn faster and remember longer....
Looking for something else?
Econ Higher
- 23 decks
- 1205 flashcards
- 22 learners
Decks:
What Is Economics, Limited Resources Unlimited Wants, The Price System And Economic Problem, And more!
ECON 225
- 22 decks
- 447 flashcards
- 2 learners
Decks:
Chapter 01 Four Economic Questions About, Chapter 02 Ethics And Economics, Chapter 03 Pollution And Resource Degrat, And more!
English Vocabulary in Use Advanced
- 101 decks
- 2211 flashcards
- 732 learners
Decks:
Lesson 1, Lesson 2, Lesson 3, And more!
