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Economics Theme 3

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

By: Vanessa Clark
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Decks in this class (10)

Monopoly
What is monopoly and what percent...,
How does a monopolist determine t...,
What is third degree price discri...
6  cards
Market Structures
What do economists use when analy...,
Efficiency,
Productive effciency
8  cards
Uplearn Market Structures
What are the 5 market structures,
What is the n firm concentratiin ...,
What is a monopoly
22  cards
Types of Effciency
What are the 4 types of efficrncy,
Define productive efficiency,
D
7  cards
Revenue Costs Profit
Revenye defintion,
Total revenu formula,
Average revenu eformula
5  cards
Monopsony
Define a monopsony and give 2 exa...,
Name the characteristics of a mon...,
)
4  cards
Revenue
Formula for total revenue,
Formula for average revenue,
What curve is the average revenue...
14  cards
Costs
What is the short run,
What is the long run,
Define variable costs
6  cards
Perfect Competition
Define no barriers to entry or exit,
What are the 4 features of perfec...,
Elastic demand is when ped is bet...
20  cards
Labour Markets
What does the demand curve for la...,
What is the demand for labour det...,
What is the relationship between ...
10  cards

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Economics Theme 3

  • Class purpose General learning

Learn faster with Brainscape on your web, iPhone, or Android device. Study Vanessa Clark's Economics Theme 3 flashcards for their Islington Collegiate Sixth Form (ICS) class now!

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