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Economics - Market Structures

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

By: Eric Heyworth
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Decks in this class (10)

Competition
What is competition,
How do firms compete,
What is meant by market structure
5  cards
P.E.D in different market strucutres
What is ped if there are lots of ...,
What is ped if there are highly d...,
What is the concentration ratio
4  cards
market structures
What are the 4 types of market,
Which markets have high barries t...,
How many firms in a monopoly
5  cards
oligopoly
What is an oligopoly,
What happens with selling power i...,
What is the demand curve in oligo...
4  cards
impact of competition
What are the positive impacts on ...,
What are the disadvantages of com...,
What are the positive impacts on ...
4  cards
advantages and disadvantages of monopoly
What are the advantages to a mono...,
What are the disadvantages to a m...
2  cards
P.E.S
What is price elasticity of supply,
What type is the relation,
What is the fomula for pes
10  cards
Market Failure
What is market failure,
What are the 3 types of goods tha...,
What is a missing market
12  cards
Economies of Scale + Diseconomies
What is economies of scale based on,
Why does unit cost decrease,
What are the two types of eos
8  cards
Markets - Barriers to entry
What are some barriers to entry,
What are the characteristics of c...,
What
5  cards

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Economics - Market Structures

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