Brainscape's Knowledge GenomeTM


Top Flashcards (Certified)
All Flashcards

MICROECONOMICS YEAR 2

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

By: Amelie Hutchinson
Start Studying

Decks in this class (14)

1. the law of diminishing marginal returns
What are diminishing marginal ret...,
What are the factors of production 2,
What is the difference between sh...
4  cards
2. revenue
Define total revenue 1,
Define average revenue and its sh...,
Define marginal revenue and its s...
6  cards
3. profit
Where is the point of profit maxi...,
When do abnormal profits occur 2,
When do normal profits occur 3
6  cards
4. economies and diseconomies of scale
What are internal and external ec...,
What is internal purchasing econo...,
What is internal marketing econom...
19  cards
5. business objectives
What is profit maximisation 1,
What is revenue maximisation 2,
What is survival 3
7  cards
6. efficiency
What are the different types of e...,
What is allocative efficiency 2,
What is productive efficiency 3
9  cards
7. the growth of firms
Define internal growth 1,
What is external growth 2,
What is a merger 3
12  cards
8. market structures
How do you identify a market stru...,
What are the four market structur...,
Examples of barriers to entry 3
6  cards
9. perfect competition
What do we assume about a perfect...,
Do firms make profit in a perfect...,
What does perfectr competition lo...
5  cards
10. monopolistic competition
What are the assumptions of a mon...,
What is consumer and producer kno...,
How can monopolistic firms increa...
10  cards
11. oligopoly
What are the assumptions of an ol...,
What is a firms concentration rat...,
What happens to prices in oligopo...
16  cards
12. monopoly
Assumptions of a monopoly 1,
What are the types of monopolies 2,
Monopoly diagram 3
11  cards
13. competition policy
What does competition policy do 1,
Why do we need competition policy 2,
Problems with competition policy 3
4  cards
14. privatisation
Define privatisation 1,
In what form can privatisation co...,
Examples of privatised firms 3
9  cards

More about
MICROECONOMICS YEAR 2

  • Class purpose General learning

Learn faster with Brainscape on your web, iPhone, or Android device. Study Amelie Hutchinson's MICROECONOMICS YEAR 2 flashcards now!

How studying works.

Brainscape's adaptive web mobile flashcards system will drill you on your weaknesses, using a pattern guaranteed to help you learn more in less time.

Learn more about spaced repetition

Add your own flashcards.

Either request "Edit" access from the author, or make a copy of the class to edit as your own. And you can always create a totally new class of your own too!

What's Brainscape anyway?

Brainscape is a digital flashcards platform where you can find, create, share, and study any subject on the planet.

We use an adaptive study algorithm that is proven to help you learn faster and remember longer....

Looking for something else?

Microeconomics
  • 19 decks
  • 666 flashcards
  • 996 learners
Decks: Economic Methodology Scarcity Choice And, Producer Surplus, Intro To Supply And Demand, And more!
BRS - Year 2
  • 75 decks
  • 3654 flashcards
  • 2 learners
Decks: Neurology Cerebral Cortex, Neurology Cerebral Vasculature, Neurology Motor Neuromuscular Control, And more!
Find Flashcards
Make Flashcards
Brainscape helps you reach your goals faster, through stronger study habits.
© 2025 Bold Learning Solutions. Terms and Conditions