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sarthak jadav
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Decks in this class (13)
Yr 2 Monopoly
What is a monopoly,
Yeah but don t get confused whats...,
Working monopoly
17
cards
Yr 2 Efficiency
Allocative efficiency is,
Productively efficient is,
Dynamic efficiency is
7
cards
Yr 2 Monopolistic comp
What exactly is a monopolistic ma...,
Name a couple of assumptions abou...
2
cards
Yr 2 Oligopoly
What art thou oligopoly,
What did the last point mean,
What did the last point mean
3
cards
Yr 2 Market Structure
Definition of marker,
What is structure affected by,
Variables
3
cards
Yr 2 Perfect competition
In perfect competition what are t...,
Draw the diagram for perfect comp...,
What does the ar mr and tr curves...
12
cards
Yr 2 Law of diminishing returns
Definition of lodr please,
Is the lodr concept lr or sr,
What does the short run mean
14
cards
Yr 2 Imperfect competition
What are the assumptions for impe...,
Diagrams in imperfect competition...
2
cards
Yr 2 Economies of scale
Definition of economies of scale,
Definition of lr,
Definition of diseconomies of scale
14
cards
Yr 2 Costs
What are the two types of costs,
Definition for variable costs cou...,
Definition of fixed costs couple ...
7
cards
Yr 2 Revenue
Definition of revenue,
Definition of average revenue,
State the equations for revenue a...
5
cards
Yr 2 Profit
The equation for profit,
Difference between economic profi...,
Definition of normal profit
5
cards
Yr 2 Objective of firms
How do you know when profit maxim...,
Why is profit maximisation an obj...,
Show mc and mr imperfect comp on ...
18
cards
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Economics
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