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Micro Economics = Year 2 = Term 2 💸

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

By: Sarah Johnson
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Decks in this class (13)

Efficency
What is efficiency,
Types of efficiency,
How to achieve dynamic
8  cards
Perfect Competition
Types of barriers to enter exit 3,
What is limit pricing,
Anti competitor practises 2
11  cards
Monopolistic Competition
Why is competition imperfect tin ...,
Assumptions of monopolistic compe...,
Demand curve of monopolistic comp...
6  cards
Oligopoly
Characteristics of an oligopoly 5,
Define oligopoly 2,
What is a conc ratio
19  cards
Monopoly
Characteristics of monopoly 5,
Revenue curves 4,
Who assumes what
5  cards
3rd Degree Price Disrcimination
Third degree,
What is it 3,
Conditions for it 4
5  cards
Game Theory
What,
What is the pay off matrix,
What the best option and the safe...
3  cards
Kinked Oligopoly
First half of diagram 3,
Second hall of diagram 3,
Where do firms operate
3  cards
Evaluating A Monopoly
Efficiency,
Why aren t monopolies demand curv...,
Are monopolies price setters 2
10  cards
Natural Monopolies??
What,
Why do they exist for example as ...,
What do they operate in 3
6  cards
Monospony
What 3,
Example of monopsony 2,
General examples 3
4  cards
Evaluating Monospony
Firms benefits 2,
Suppliers negatives 2,
Employees positive negative 2
6  cards
Contestability
What is a contestaboe market 2,
What are sunk costs,
Profits of a contestaboe market
10  cards

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Micro Economics = Year 2 = Term 2 💸

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