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Amira L
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Decks in this class (23)
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
59
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
26
cards
monopolies- price discrimination
find word doc in year 13 economics
19
cards
monopolistic competition
What type of profit is made in th...,
What type of profit is made in th...,
What are the characteristics 3
22
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...
29
cards
monopsony
What is a monopsony 1,
Characteristics of an imperfect m...,
Who are the wage makers 3
15
cards
trade unions
What are the 3 main objectives 1,
Blank 2
2
cards
types of economies
Blank 1
1
cards
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