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Economics - Theme 3

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

By: Mariam Altaie
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Decks in this class (20)

3.1.1
Size of firms can be determined by,
Significance of the divorce of ow...,
Public sector
8  cards
3.1.2
Organic growth,
What might firms do to have organ...,
Inorganic growth
21  cards
3.1.3
Demerger,
Reasons for demergers,
Synergy
6  cards
3.2.1
Different business objectives,
Profit maximisation,
When does profit maximisation occur
8  cards
3.3.1
Formula for total revenue,
Marginal revenue,
Average revenue
5  cards
3.3.2
Formula for total cost,
Total fixed cost,
Total variable cost
13  cards
3.3.3
Internal economies of scale,
Examples of internal economies of...,
Network economies of scale
7  cards
3.3.4
Condition for profit maximisation,
When does profit maximisation occur,
Normal profit
6  cards
3.4.1
Allocative efficiency,
Productive efficiency,
Static efficiency
8  cards
3.4.2
Characteristics of perfect compet...,
What kind of profit can firms mak...,
What kind of profit can firms mak...
5  cards
3.4.3
Characteristics of monopolistical...,
Profit maximising equilibrium in ...,
How can firms try to stay in the ...
5  cards
3.4.4
Characteristics of an oligopoly,
What is the concentration ratio o...,
Collusive behaviour
19  cards
3.4.5
Characteristics of monopoly,
What percentage of market share d...,
What factors are monopoly power i...
13  cards
3.4.6
What is a monopsony,
Characteristics and condition for...,
Costs of monopsony to firms consu...
4  cards
3.4.7
Characteristics of contestable ma...,
Implications of contestable marke...,
Types of barrier to entry and exit
5  cards
3.5.1
How is the supply of labour deter...,
How is the demand of labour deter...,
Derived demand
4  cards
3.5.2
How is the supply of labour calcu...,
What is the supply of labour affe...,
Geographical immobility
4  cards
3.5.3
Labour market equilibrium,
What happens if the demand for la...,
What happens if the supply of lab...
32  cards
3.6.1
The competition and markets autho...,
Do governments intervene in the m...,
Why do governments intervene to c...
7  cards
3.6.2
The impact of gov intervention on...,
The impact of gov intervention on...,
The impact of gov intervention on...
8  cards

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Economics - Theme 3

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