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Decks in this class (8)
Long run theory of costs
Long run avg cost 1,
Assumptions in lr avg cost curve 2,
Shape of lrac 3
13
cards
Evaluation of Perfect Competition (PC)
Importance of efficiency in resou...,
Merits of pc firms 2,
Demerits of pc firms 3
10
cards
Characteristics of monopoly
Monopoly definition 1,
Single dominant producer 2,
No close substitutes 3
5
cards
Barriers to entry
Define barriers to entry 1,
Economic barriers to entry 2,
Substantial eos 3
6
cards
Collusive oligopoly
Define collusive oligopoly 1,
Collusive oligopoly example 2,
Factors that facilitate collusion 3
20
cards
Non-collusive oligopoly
Define non collusive monopoly 1,
Rigid pricing 2,
Why do firms that don t collude n...
3
cards
Evaluation of oligopoly
Merits 1,
Demerits 2,
Dynamic efficiency 3
8
cards
Characteristics of monopolistically competitive firm
Characteristics 1,
Large no of sellers 2,
Product differentiation 3
5
cards
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Econs vol 3
- Full test name Unspecified
- Test acronym Unspecified
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