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Amira L
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Decks in this class (21)
specialisation and trade
Specialisation in individuals 1,
What is specialisation 2,
Specialisation in firms 3
14
cards
elasticity
Price elasticity of demand formula 1,
Elastic demand 3 features 2,
Perfectly elastic demand 3
45
cards
utility
Total utility 1,
Marginal utility 2,
What is utility 3
45
cards
supply and demand
Individual demand meaning don t d...,
What is market demand 1,
Why does price and quantity have ...
16
cards
externalitites
Types of fixtures of government f...,
What is excise indirect tax and w...,
If a good is elastic who pays mor...
25
cards
merit and demerit goods
7 factors effecting the demand sh...,
What is moral hazard 2,
What are demerit goods 3
19
cards
production
What are the 3 things shown on a ...,
What is the total product 2,
What is the average product 3
30
cards
the economic problem and allocative efficiency
What is the problem 1,
What does this lead us to question 2,
What does land include factor of ...
19
cards
monopolies- price discrimination
Why is first degree used 1,
Why is second degree used 2,
Why is third degree used 3
5
cards
business objectives
What are the business objectives 4 1,
What is profit maximization on a ...,
What is revenue maximization 3
37
cards
the basics of externalities
What types of goods cause positiv...,
What types of goods cause negativ...,
Why does market failure occur u c...
8
cards
public goods
What is a public good 1,
What are the characteristics of a...,
Why is the marginal cost 0 3
15
cards
perf comp
Assumptions of perf comp 7 1,
Do firms make supernormal profit ...,
How can they do this you got this...
24
cards
barriers to entry
L57
4
cards
monopolies
What is a pure monopoly 1,
What is a legal monopoly 2,
What is a dominant monopoly 3
25
cards
monopolies- price discrimination
What is price discrimination 1,
What are ethe assumptions behind ...,
What is first degree pd 3
9
cards
monopolistic competition
What type of profit is made in th...,
What type of profit is made in th...,
What are the characteristics 3
18
cards
oligopolies
What is an oligopoly 1,
What is the concentration ratio 2,
What does the cr give an indicati...
26
cards
contestable markets
What is a contestable market 1,
What do incumbent firms have acce...,
What do incumbent firms want to do 3
16
cards
labour market
Demand for labour meaning 1,
What type of relationship 2,
Whar is the demand for labour bas...
26
cards
monopsony
What is a monopsony 1,
Characteristics of an imperfect m...,
Who are the wage makers 3
14
cards
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micro
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