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Amraj Biring
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Decks in this class (17)
Contestability
What is a contestable market,
What are the characteristics of a...,
How does contestability affect th...
11
cards
Goverment Intevrention - Monopolies
Why do monopolies need to be regu...,
Which industries need to be regul...,
Who is responsible for regulation...
32
cards
Monopsonys
What is a monopsony,
What impact does a monopsony have,
What impact does monopsony power ...
8
cards
Efficiencys
What is allocative efficiency,
What is productive efficiency,
What is x efficiency
4
cards
Perfect Competiton
What is perfect competition,
What are the characteristics of p...,
Explain the perfect competition f...
12
cards
Monopolsiitc Comeptiton
What is monopolistic competition,
What are the characteristics of m...,
What effects does product differe...
13
cards
Goverment Intervention For Increasing Competition And Protectign Workers
What is a sme example and what ar...,
What is a start up example,
Why should governments support sm...
24
cards
Natural Monopoly
What is a natural monopoly,
What are the characteristics of a...,
What does a natural monopoly have...
9
cards
Oligopoly
What is an oligopoly,
What are the characteristics of a...,
What are some examples of high ba...
11
cards
Labour Markets
What is the demand of labour,
What is the relationship between ...,
What causes an extension and cont...
63
cards
Business Objectives
What is profit maximising and whe...,
Why do firms pursue profit maximi...,
Why do firms decide not to pursue...
10
cards
Law Of Diminishign Returns
What is the short run,
What is the long run,
What is the law of diminishing re...
5
cards
Fixed And Variable Costs
What is a fixed cost,
What are some examples of fixed c...,
Draw total costs and average fixe...
8
cards
Short Run Costs Curve
What are total costs,
What is marginal costs,
Draw a short run cost curve
4
cards
Long Run Costs And Economies Of Scale
What is the long run,
Draw the lrac curve,
What explains the lrac curve
21
cards
Profits And Shutdown Points
What is the equation for profits,
What does total costs mean for ec...,
What the difference between accou...
10
cards
Reasons For Business Griwth And Types Of Firms
0
cards
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Econ Theme 3
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