Brainscape
Find Flashcards
Make Flashcards
Why It Works
More
Educators
Businesses
Tutors & resellers
Content partnerships
Academy
About
Educators
Teachers & professors
Content partnerships
Tutors & resellers
Businesses
Employee training
Content partnerships
Tutors & resellers
Academy
About
Log In
Get Started
Brainscape's Knowledge Genome
TM
Browse over 1 million classes created by top students, professors, publishers, and experts.
Entrance Exams
Professional Certifications
Foreign Languages
Medical & Nursing
Science
English
Humanities & Social Studies
Mathematics
Law
Vocations
Health & Fitness
Business & Finance
Technology & Engineering
Food & Beverage
Fine Arts
Random Knowledge
See full index
Microeconomics Main
> 4.1.8.5 Merit and demerit goods > Flashcards
4.1.8.5 Merit and demerit goods Flashcards
Study These Flashcards
Microeconomics Main
(41 decks)
Economic methodology and the economic problem
Demand, PED, YED, XED and interrelationships between markets
Supply, PES, joint supply
Price determination, equilibrium, disequilibrium, excess demand/supply, the price mechanism
Production, costs and revenue
Market failure
Externalities
05 Market Failure: Core Concepts
05 Market Failure: The 6 Market Failures - monopolies, externalities, merit and de-merit goods
05 Market Failure: The 6 Market Failures - public goods, labour immobility, inequality
06 Government intervention and Government Failure
04 Markets in Action
03 Costs, Revenues and Market Structure
09 Costs & Revenues
10 Perfect Competition vs. Monopoly
Textbook Chapter 5
Labour Markers (Paper 1 & 3)
The distribution of income and wealth: poverty and inequality
4.1.47 Profit (Paper 3)
4.1.4.8 Technological change (Paper 1 & 3)
4.1.5.1 Market structures (Paper 1)
4.1.5.2 Objectives of firms (Paper 1 & 3)
4.1.5.3 Perfect competition (Paper 3)
4.1.5.4 Monopolistic competition (Paper 3)
4.1.5.5 Oligopoly (Paper 1)
4.1.5.6 Monopoly (Paper 1)
4.1.4.7 Price discrimination (Paper 3)
4.1.5.8 Dynamics of competition and competitive market processes (Paper 1 & 3)
4.1.5.9 Contestable and non-contestable markets (Paper 1)
4.1.5.10 Market structure, efficiency and resource allocation (Paper 1)
4.1.5.11 Consumer and producer surplus (Paper 3)
4.1.8.1 How markets and prices allocate resources
4.1.8.2 The meaning of market failure
4.1.8.3 Public goods, private and quasi-public goods
4.1.8.4 Positive and negative externalities in consumption and production
4.1.8.5 Merit and demerit goods
4.1.8.6 Market imperfections
4.1.8.8 Public ownership, privatisation, regulation and deregulation of markets
4.1.8.9 Government intervention in markets
2022 Exam: Monopoly regulation, privatisation, deregulation, nationalisation
Paper 1 - An and Ev
