This class was created by Brainscape user Kit Hogan. Visit their profile to learn more about the creator.
By:
Kit Hogan
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Decks in this class (16)
3.1.1 Sizes and types of firms
Reasons why some firms grow econo...,
Reasons why some firms grow monop...,
Reasons why some firms tend to re...
10
cards
3.1.2 Business growth
Organic internal growth 1,
Advantages of organic growth 2,
Disadvantages of organic growth 3
20
cards
3.1.3 Demergers
Demerger 1,
Impact of demerger consumers 2,
Impact of demerger workers 3
4
cards
3.3.1 Revenue
Total revenue tr 1,
Average revenue ar 2,
Marginal revenue mr 3
5
cards
3.3.2 Costs
Total fixed costs tfc 1,
Total variable costs tvc 2,
Total cost tc 3
10
cards
3.3.4 Normal profits, supernormal profits and losses
Profit 1,
Condition for profit maximisation 2,
Normal profit 3
5
cards
3.4.1 Efficiency
Allocative efficiency 1,
Productive efficiency 2,
Dynamic efficiency 3
4
cards
3.4.2 Perfect competition
Perfect competition 1,
Characteristic of perfect competi...,
Characteristic of perfect competi...
4
cards
3.4.3 Monopolistic competition
Monopolistic competition 1
1
cards
3.4.4 Oligopoly
Oligopoly 1,
Characteristic of oligopoly inter...,
Characteristic of oligopoly high ...
24
cards
3.4.5 Monopoly
Monopoly 1,
Pure monopoly 2,
Legal monopoly 3
13
cards
3.4.6 Monopsony
Monopsony 1,
Characteristic of monoposony sing...,
Characteristic of monoposony 3
3
cards
3.5.1 Demand for labour
Factors influencing demand for la...,
Factors influencing demand for la...,
Factors influencing demand for la...
7
cards
3.5.2 Supply of labour
0
cards
3.5.3 Wage determination in competitive and non-competitive markets
Current labour market issues the ...,
Current labour market issues agei...,
Current labour market issues robo...
9
cards
3.6.1 Government intervention
Controlling monopolies price regu...,
Controlling monopolies profit reg...,
Controlling monopolies quality st...
9
cards
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ECO - Theme - 3
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