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MICRO 1.5 Perfect competition, imperfectly competitive markets and monopoly

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

By: darcey babet
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Decks in this class (11)

1.5.1 Market structures
Market structure definition,
Spectrum of compotition
10  cards
1.5.2 The objectives of firms
Profit maxing rule,
Main objective,
Making large profits enables firm...
13  cards
1.5.3 Perfect competition
Perfectly competetive market defi...,
Assumptions,
In this market price is determine...
19  cards
1.5.4 Monopolistic competition
0  cards
1.5.5 Oligopoly
0  cards
1.5.6 Monopoly and monopoly power
Pure monopoly,
Monopoly power percentage,
Monopoly power is influenced by f...
21  cards
1.5.7 Price discrimination
Conditions necesaary for price di...,
2  cards
1.5.8 The dynamics of competition and competitive market processes
0  cards
1.5.9 Contestable and non-contestable markets
0  cards
1.5.10 Market structure, static effciency, dynamic effciency and resource allocation
0  cards
1.5.11 Consumer and producer surplus
0  cards

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MICRO 1.5 Perfect competition, imperfectly competitive markets and monopoly

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