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

Decks in this class (13)

Yr 2 Monopoly
What is a monopoly 1,
Yeah but don t get confused whats...,
Working monopoly 3
17  cards
Yr 2 Efficiency
Allocative efficiency is 1,
Productively efficient is 2,
Dynamic efficiency is 3
7  cards
Yr 2 Monopolistic comp
What exactly is a monopolistic ma...,
Name a couple of assumptions abou...
2  cards
Yr 2 Oligopoly
What art thou oligopoly 1,
What did the last point mean 2,
What did the last point mean 2
3  cards
Yr 2 Market Structure
Definition of market structure 1,
Characteristics of the market str...,
Variables of market structure 3
3  cards
Yr 2 Perfect competition
In perfect competition what are t...,
Draw the diagram for perfect comp...,
What does the ar mr and tr curves...
12  cards
Yr 2 Law of diminishing returns
Definition of lodr please 1,
Is the lodr concept lr or sr 2,
What does the short run mean 3
14  cards
Yr 2 Imperfect competition
What are the assumptions for impe...,
Diagrams in imperfect competition...
2  cards
Yr 2 Economies of scale
Definition of economies of scale 1,
Definition of lr 2,
Definition of diseconomies of sca...
14  cards
Yr 2 Costs
What are the two types of costs 1,
Definition for variable costs cou...,
Definition of fixed costs couple ...
7  cards
Yr 2 Revenue
Definition of revenue 1,
Definition of average revenue 2,
State the equations for revenue a...
5  cards
Yr 2 Profit
The equation for profit 1,
Difference between economic profi...,
Definition of normal profit 3
5  cards
Yr 2 Objective of firms
How do you know when profit maxim...,
Why is profit maximisation an obj...,
Show mc and mr imperfect comp on ...
18  cards

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Economics

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