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Decks in this class (18)
LS1 : Sizes and Types of Firms
Why do firms seek growth 1,
Why do firms seek growth due to p...,
Why do firms seek growth due to c...
18
cards
LS2 : Business Growth
Why is it important for some firm...,
What is internal growth also know...,
What is external growth also know...
20
cards
LS3 : Costs and Revenues
What is the short run 1,
What is the long run 2,
What is variable costs 3
23
cards
LS4 : Economies and Diseconomies of Scale
What is constant returns to scale 1,
What is increasing returns to sca...,
What is decreasing returns to sca...
19
cards
LS5 : Profit and Loss
What is the equation for profit 1,
What is revenue also equal to 2,
What is costs also equal to 3
10
cards
LS6 : Business Objectives
What is the assumed business obje...,
What are the five business object...,
What is revenue maximisation 3
10
cards
LS7 : Efficiency
What is efficiency 1,
What is productive efficiency 2,
What is allocative efficiency 3
5
cards
LS8 : Perfect Competition
What are the six assumptions of p...,
Explain the profit maximisation a...,
Explain the many participants ass...
10
cards
LS9 : Demand and Supply for Labour
Why do firms demand labour 1,
What is derived demand 2,
What is the price of labour refer...
34
cards
LS10 : Monopoly
What are the five assumptions of ...,
Why is it assumed that there is a...,
Why is it assumed there are no su...
16
cards
LS11 : Monopolistic Competition
What are three characteristics of...,
Explain the product differentiati...,
Explain the freedom of entry char...
10
cards
LS12 : Labour Market Issues
What is a zero hours contract 1,
Why do zero hour contracts reduce...,
Why do some employees favour zero...
13
cards
LS13 : Oligopoly
What is the purpose of concentrat...,
How can concentration ratio be ca...,
What are the key characteristics ...
27
cards
LS14 : Contestability
What are the conditions for a mar...,
Define market contestability 2,
How has the internet changed cont...
12
cards
LS15 : Monopsony & Natural Monopoly
What is a monopsony 1,
What is an example of a monopsony...,
What is monopsony power 3
19
cards
LS16 : Monopolies & Mergers
Why is government intervention im...,
What is the cma responsible for 2,
What are anti competitive practic...
35
cards
LS17 : Competition, Protecting Suppliers & Workers
What is an sme 1,
Give an example of an sme 2,
What is a start up 3
31
cards
LS18 : Limits to Government Intervention
What is regulatory capture 1,
What are the three causes of regu...,
Why can bribery cause regulatory ...
11
cards
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theme 3 : microeconomics
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