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Decks in this class (21)
behavioural economics
What is the argument of behaviour...,
What is the assumption of economi...,
What is bounded rationality 3
23
cards
technological change
What is invention 1,
What is innovation 2,
What are some effects of technolo...
10
cards
Long run costs
What is long run 1,
What is increasing returns to sca...,
What is decreasing returns to sca...
5
cards
Revenue and profit
What is revenue 1,
What is total revenue 2,
What is average revenue 3
14
cards
Business Objectives
First business objective 1,
Second business objective 2,
Why might a business emphasise ma...
19
cards
business efficiencies
What is allocative efficiency 1,
Where is allocative efficiency on...,
Analyse the effect of allocative ...
13
cards
barriers to entry
What are barriers to entry 1,
Explain legal barriers to entry 2,
Why might the government only giv...
9
cards
monopolies
Blank 1,
What is a pure monopoly 2,
How is it classified if a firm ha...
20
cards
perfect competition
Give the characteristics of a per...,
Explain why supernormal profits o...,
Explain why subnormal profits exi...
4
cards
oligopolies
What is an oligopoly 1,
Give some examples of oligopolies 2,
List some characteristics of olig...
20
cards
monopolistic competition
What is a monopolistic competitio...,
State the characteristics of a mo...,
What does price making power mean...
14
cards
contestability
What is contestability 1,
What are some implications of a c...,
How can deregulation lead to grea...
8
cards
natural monopolies
What is a natural monopoly 1,
Give some examples of nm and expl...,
Give some characteristics of nm 3
8
cards
price discrimination
What is price discrimination 1,
What are the 3 conditions for pri...,
What does price discrimination se...
9
cards
Competition Policy
What does competition policy aim ...,
Which 2 regulators monitor compet...,
What are some behaviours that com...
15
cards
Privatisation, regulation and de-regulation
What is privatisation 1,
Why does privatisation usually ta...,
Give some different ways in which...
10
cards
labour markets
In labour markets who does the su...,
What does the demand curve for la...,
What is mrp 3
32
cards
trade unions
What is a trade union 1,
What does collective bargaining m...,
What is meant by a closed shop tr...
9
cards
monopsony
What is a monopsony 1,
What are some examples of monopso...,
Why are monopsonists wage makers 3
14
cards
Inequality
0
cards
monopoly regulation
0
cards
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Econ MICRO year 2
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