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Microeconomics

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

By: Elisa Martinez
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Decks in this class (15)

2nd Test
What is demand,
The law of demand states as the p...,
What type of relationship is the ...
60  cards
Perfect competition
Perfect competition of firms in i...,
Demand curve is,
Is it mrdarp or mr and darp are s...
9  cards
Efficiency
What is efficiency,
Is perfect comp inefficient or ef...,
What types of efficient is perfec...
10  cards
Monopoly
Monopoly of sellers standard or d...,
Monopoly of sellers standard or d...,
True or false all monopolies make...
21  cards
Externalities
Externality,
Negative externality,
Positive externality
17  cards
Oligopoly
Oligopoly of suppliers standard o...,
Each game theory has what,
What is the dominant strategy
6  cards
Monopolistic competition
True or falsemonopolistic comp ha...,
Of sellers standard or differenti...,
What does the firms demand curve ...
4  cards
Factor markets + Nature and functions of product markets
Characteristics of a perfectly co...,
What is demand for labor,
What is the law of demand for labor
26  cards
IV.A-D Exam
What is the free market,
The govts job is to ____ _____ __...,
What is the invisible hand
46  cards
I.A-F Exam
Scarcity,
What does scarcity force people t...,
What are the four golden rules of...
17  cards
II.A 1-6
What is demand,
The law of demand states that as ...,
What type of relationship is the ...
41  cards
II.BC Exam
You will continue to consume a pr...,
What is the utility maximizing eq...,
What do economic costs consist of
23  cards
II.D.3.a-e Exam
What are the four market models,
Characteristics of a perfect comp...,
The demand curve for a perfectly ...
41  cards
II.D and IV. A Exam
Externality,
Negative externality,
Positive externality
22  cards
III & II. C. 5 Exam
Perfectly competitive labor marke...,
Demand for labor,
Law of demand for labor
26  cards

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Microeconomics

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