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Hall 3

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

By: Alex Ojinnaka
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Decks in this class (16)

Objectives of firms
5 economics objectives of firms,
Allocative efficiency,
Profit maximisation
6  cards
The law of diminishing returns
Ldr
1  cards
MES
Mes,
High mes,
Low mes
4  cards
Competitive markets
Perfect competition,
6 characteristics of perfect markets,
3 advantages of perfectly competi...
4  cards
Firm growth and Mergers
Why do firms grow,
Internal expansion,
Extrenal expansion
10  cards
Monopoly
6 sources of monopoly power,
In a monopoly market,
How monopoly markets can be justi...
3  cards
Non-Collusive oligopoly
Concentration ratios,
Structure,
3 game theory strategies
7  cards
Collusive oligopoly
2 types of collusion,
4 ways collusion is made easy,
4 ways cartels are easily broken ...
3  cards
Price discrimination
Price discrimination,
4 conditions needed for pd,
Purpose of pd
8  cards
Contestability
Contestability,
3 perfectly contestable market,
2 benefits
6  cards
Labour market
Fundamental about labour,
2 types of factor affecting suppl...,
5 factors affecting labour supply
5  cards
Monopsony and Trade Unions
Monopsonist,
Monopsonist wage rate,
Trade unions
5  cards
National minimum wage
Nmw,
Effect of nmw,
Transfer pricing
7  cards
Innequality
Marketable wealth,
Non marketable,
4 ways wealth is acquired
7  cards
Public ownership vs Privatisation
Privatisation,
3 benefits of privatisation,
Disadvantages of privatisation
6  cards
Government projects
Ppp,
3 benefits of ppp,
Disadvantages of ppp
6  cards

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Hall 3

  • Class purpose General learning

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