Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

Micro-economics

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

By: Borys Starszuk
Start Studying

Decks in this class (14)

Perfect Competition
What is perfect competition,
What are 8 conditions of a perfec...,
Why are there many sellers
10  cards
Price Discrimination
Define price discrimination,
What are the 4 necessary conditio...,
What is 1st degree price discrimi...
8  cards
Objectives of the Firm
What is the key assumption of a f...,
What determines whether or not th...,
What is a stakeholder
25  cards
Profit
What is accounting profit,
How is profit per unit calculated,
What is economic profit
12  cards
Diminishing Returns
Define diminishing returns,
Define the short run,
Define the long run
16  cards
Shutdown Price
Where does shutdown price occur,
What does shutdown price consider...,
If ar avc what will the firm do
8  cards
Long Run Average Cost Curve
What does long run average cost c...,
What is the long run average cost...,
Are there diminishing returns and...
3  cards
Barriers to Entry and Exit
What are barriers to entry and exit,
Why do barriers to entry allow a ...,
What are the three types of barri...
10  cards
Economies and Diseconomies of Scale
What are internal economies of scale,
How do fixed costs relate to econ...,
Name the 5 types of internal econ...
17  cards
Efficiency
What is efficiency,
What are the 3 main outcomes that...,
What is static efficiency and in ...
8  cards
Marginal Benefit and Marginal Cost
What does marginal benefit show a...,
What is diminishing utility,
Which curve shows marginal benefit
7  cards
Monopoly
What is a monopoly,
What is monopoly power,
Which ped are monopolies
7  cards
Monopolistic Competition
What is monopolistic competition,
What are the 6 conditions for mon...,
Can supernormal profits be earned...
12  cards
Oligopoly
What is oligopoly,
What is interdependence and what ...
2  cards

More about
Micro-economics

  • Class purpose General learning

Learn faster with Brainscape on your web, iPhone, or Android device. Study Borys Starszuk's Micro-economics flashcards now!

How studying works.

Brainscape's adaptive web mobile flashcards system will drill you on your weaknesses, using a pattern guaranteed to help you learn more in less time.

Learn more about spaced repetition

Add your own flashcards.

Either request "Edit" access from the author, or make a copy of the class to edit as your own. And you can always create a totally new class of your own too!

What's Brainscape anyway?

Brainscape is a digital flashcards platform where you can find, create, share, and study any subject on the planet.

We use an adaptive study algorithm that is proven to help you learn faster and remember longer....

Looking for something else?

Microeconomics
  • 19 decks
  • 666 flashcards
  • 946 learners
Decks: Economic Methodology Scarcity Choice And, Producer Surplus, Intro To Supply And Demand, And more!
economics micro
  • 85 decks
  • 1217 flashcards
  • 15 learners
Decks: Demand Supply And Market Equilibrium, Key Phrases, Division Of Labour, And more!
Clinical Micro
  • 39 decks
  • 2287 flashcards
  • 191 learners
Decks: 01 Introductory Microbiology Specimen Pr, Exam 1 Ch 1 Bacterial Cell Structure Phy, Exam 1 Ch 5 Performance Improvement In T, And more!
Find Flashcards
Make Flashcards
Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions