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

Decks in this class (21)

Oligopoly
Characteristics of an oligopoly,
Behaviours of oligopolistic firms,
What is the theory of the kinked ...
9  cards
Dominant Firms (Legal Monopoly)
Define dominant firm,
What are the benefits of dominant...,
What are the problems of dominant...
5  cards
Efficiency
Where does allocative efficiency ...,
At what is productive efficiency ...,
What is dynamic efficiency
4  cards
Business Growth
Define vertical integration,
Advantages of vertical integration,
Disadvantages of vertical integra...
8  cards
Economies Of Scale
Define internal economies of scale,
What are examples of technical ec...,
What are examples of managerial e...
8  cards
Demand And Supply
What are determinants for changes...,
What are determinants for changes...,
Why is the demand curve downward ...
4  cards
Government intervention
How could the state provide a mer...,
What is the problem with uk healt...,
How do subsidies work for a good ...
24  cards
Externalities
Define positive production extern...,
How are positive productions exte...,
Define positive consumption exter...
12  cards
Types Of Goods
Define public goods,
Define private goods,
Define merit goods
9  cards
Common Property Resources
Define common property resources,
Define property rights,
How are common property resources...
3  cards
Wage Differentials
Define wage differentials,
What are the reasons for wage dif...,
Why does geographical immobility ...
3  cards
Labour Market
Define elasticity of supply for l...,
What are the determinants of elas...,
Why is the supply curve upward sl...
7  cards
Minimum Wages
Define minimum wage,
Advantages of minimum wage,
What are the disadvantages of a m...
3  cards
Income Inequality
Define tax credits,
What are the problems with tax cr...,
What are the problems with an imp...
9  cards
Monopolistic Competition
What are the characteristics of m...,
How does this type of market operate,
What is the situation in the shor...
4  cards
Perfect Competition
What are the characteristics of p...,
What is the short run situation i...,
What is the long run situation af...
5  cards
Objectives Of Firms
What are other objectives of firm...,
What is satisficing,
Why do firms satisfice
5  cards
Cross Elasticity
What is a complement value,
What is a substitute value
2  cards
Privatisation & Nationalisation
Define privatisation,
Define nationalisation,
What are the positives of nationa...
4  cards
Deregulation
Define deregulation,
What are the benefits of deregula...,
What are the problems of deregula...
3  cards
Regulators
What is the objective of the cma,
What is the european commissions ...,
What is an example of cma s work
3  cards

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Microeconomics

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