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Decks in this class (16)
AQA economic monopoly market structure
Define monopoly 1,
True or false monopolies have man...,
What is a barrier to entry 3
15
cards
objectives of firms
Define profit maximization 1,
True or false market share is the...,
Fill in the blank revenue maximiz...
15
cards
Perfect competition
Define perfect competition 1,
True or false in perfect competit...,
What is the characteristic of pro...
15
cards
Monopolistic competition
Define monopolistic competition 1,
True or false firms in monopolist...,
What is a key characteristic of p...
15
cards
Oligopoly
Define oligopoly 1,
True or false oligopolies have ma...,
What is collusion in an oligopoly 3
15
cards
monopsony
Define monopsony 1,
True or false a monopsonist can s...,
Fill in the blank in a monopsony ...
10
cards
National minimum wage
Impact on wage differentials 1,
Impact on incentives 2,
Impact on productivity 3
11
cards
Trade unions
What is a trade union 1,
What effect can trade unions have...,
When can a trade union have posit...
9
cards
Labour demand
What does the labour demand curve...,
What do firms base their demand d...,
What is mrp and how is it calcula...
9
cards
Labour supply
What is the correlation between q...,
Non wage related shifts in supply 2,
What is the elasticity of supply ...
4
cards
wage differentials
Why are there wage differentials ...,
Why are there wage differentials ...,
Why may wage differentials be goo...
12
cards
market failure
What is market failure 1,
Types of market failure 2,
Negative consumption externality 3
10
cards
types of goods
What is a merit good 1,
What are demerit goods 2,
Why are merit and demerit goods o...
6
cards
indirect tax
What is indirect tax 1,
Chain of analysis for indirect ta...,
What happens to quantity as a res...
5
cards
subsidy
What is a subsidy 1,
Chain of analysis for subsidy int...,
What are some potential negative ...
3
cards
max and min pricing
What is min pricing 1,
What does min price signalise 2,
Evaluation of min price 3
6
cards
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Micro Economics
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