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

Decks in this class (11)

Labour Market
What is demand for labour 1,
What is marginal product for labo...,
What is the shape of the demand c...
19  cards
Sizes and Types of Firms
What are the different types of b...,
Examples of uk nationalised busin...,
What is the principal agent probl...
6  cards
Costs and Revenues
What is the short run 1,
What is the long run 2,
Examples of fixed costs 3
50  cards
Economies and Diseconomies of Scale
What is minimum efficiency scale ...,
Where is the mes 2,
What are economies of scale 3
9  cards
Business Objectives
What is profit maximisation 1,
What is revenue maximisation 2,
What is sales maximsation 3
8  cards
Business Growth and Demergers
What are the 5 different types of...,
What is organic growth 2,
What type of growth is it through...
20  cards
Efficiency and Shut Down Points
Where is a firms short run shut d...,
When should a firm shut down imme...,
When can a firm continue to produ...
17  cards
Perfect Competition, Monopoly and Monopolistic Competition
What are the characteristics of p...,
What are the characteristics of i...,
Examples of barriers to entry 3
13  cards
Oligopoly
What is oligopoly 1,
What are the characteristics of o...,
What is the concentration ratio 3
20  cards
Government Intervention in Business
What do the cma competition and m...,
What can the results of a cma inv...,
What are the objectives of the cma 3
23  cards
Contestability
What is a contestable market 1,
What makes a perfectly contestabl...,
What is hit and run entry 3
4  cards

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Micro Year 2

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