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Yau Bruce
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Decks in this class (13)
Businesses and Growth
Reasons why some firm tend to rem...,
Reasons to why some firm grow 2,
Principal agent problem 3
23
cards
Business objectives
Why might firm aim to maximise pr...,
Why might firm aim to maximise sa...,
Why might firm aim to maximise re...
7
cards
Revenues, Costs and Profit
Define total revenue 1,
Define average revenue 2,
Define marginal revenue 3
18
cards
Efficiency
What is allocative efficiency 1,
What is productive efficiency 2,
What is dynamic efficiency 3
6
cards
Perfect Competition
What is supernormal profit 1,
What is normal profit 2,
What is subnormal profit 3
4
cards
Monopolistic
Characteristic of monopolistic co...,
Types of non price competition mo...,
Examples of monopolistic markets 3
5
cards
Oligopoly
What are the characteristics of o...,
How to calculate n firm ratio 2,
What does n firm ratio tell us 3
17
cards
Monopoly
Definition of monopoly 1,
Characteristic of monopoly 2,
What is a pure monopoly 3
24
cards
Monopsony
What are the characteristics of m...,
Explain how monopsony power lead ...,
Benefits and costs of monopsony t...
5
cards
Contestability
What are the characteristics of a...,
List the types of barriers to ent...,
Define sunk cost 3
5
cards
Government Intervention
Types of government intervention ...,
Conditions for cma to investigate...,
List price regulation tactics by ...
24
cards
Labour Market
List the factors that influence d...,
Explain marginal revenue product ...,
Explain how labour is a derived d...
10
cards
Current labour market issues
Define trade union 1,
Explain how trade unions benefit ...,
Explain poverty trap 3
18
cards
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Economics - Micro
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