Brainscape's Knowledge GenomeTM


Top Flashcards (Certified)
All Flashcards

5 perfect competition, imperfectly competitive markets and monopoly

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

By: Lucas Watts
Start Studying

Decks in this class (12)

5.1 Market structures
What is the definition of a marke...,
What are the 7 features we look a...,
Name the spectrum of competition ...
8  cards
5.2 The objectives of firms
What is the traditional economic ...,
What is the condition for how do ...,
Why are the advantages of profit ...
18  cards
5.3 Perfect competition
Is perfect competition a theoreti...,
What are the characteristics of a...,
What profit can only be made in t...
12  cards
5.4 Monopoly and monopoly power
What is the definition of a monop...,
What are the characteristics of a...,
What is monopoly power 3
9  cards
5.5 advantages and disadvantages of monopoly
What are the disadvantages of mon...,
What are the pros of monopolies 2
2  cards
5.6 monopolistic competition
What is monopolistic competition 1,
What are the characteristics of m...,
Examples of markets that examine ...
11  cards
5.7 Oligopoly
What are the features in an oligo...,
Examples of oligopolies 2,
What diagram can be used to illus...
19  cards
5.8 Price discrimination
Definition of price discrimination 1,
What conditions are required in o...,
What are the types of price discr...
8  cards
5.9 the dynamics of competition and competitive market processes
Pros of competitive markets 1,
Disadvantages with competitive ma...,
Evaluation of the pros and cons o...
3  cards
5.10 contestable and non- contestable markets
What is a contestable market 1,
What does a perfectly contestable...,
Features of contestable market 3
8  cards
5.11 Business efficiency
What are the 4 types of efficiency 1,
Definition of allocative efficency 2,
What are 3 ways in which allocati...
19  cards
5.12 Consumer and producer surplus
Why is welfare surplus analysis i...,
What is consumer surplus 2,
What is producer surplus 3
3  cards

More about
5 perfect competition, imperfectly competitive markets and monopoly

  • Class purpose General learning

Learn faster with Brainscape on your web, iPhone, or Android device. Study Lucas Watts's 5 perfect competition, imperfectly competitive markets and monopoly 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?

Perfect competition, imperfectly comp...
  • 11 decks
  • 137 flashcards
  • 1 learners
Decks: Market Structures, The Objectives Of Firms, Perfect Comepitition, And more!
Monopoly Pub Crawl
  • 1 decks
  • 23 flashcards
  • 3 learners
Decks: Directions Of Easiest Route, And more!
Marketing
  • 21 decks
  • 1585 flashcards
  • 1503 learners
Decks: Module 1 The Marketing Management Proces, Module 2 Corporate Strategies And Their, Module 3 Business Strategies And Their M, And more!
MICRO 1.5 Perfect competition, imperf...
  • 11 decks
  • 65 flashcards
  • 1 learners
Decks: 151 Market Structures, 152 The Objectives Of Firms, 153 Perfect Competition, And more!
Find Flashcards
Make Flashcards
Brainscape helps you reach your goals faster, through stronger study habits.
© 2025 Bold Learning Solutions. Terms and Conditions