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M.L.F .
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Decks in this class (21)
Revenue
Define total revenue what is its ...,
Define average revenue 2,
Define marginal revenue 3
6
cards
Costs
Define and give the formula of to...,
Define and give the formula of to...,
Define and give the formula of 3
6
cards
Economies and Diseconomies of Scale
Define economies and diseconomies...,
Name and describe the 6 types of ...,
Name and explain 3 causes of dise...
4
cards
Profits
What is the condition for profit ...,
What are the conditions for super...,
Where is the short run shut down ...
4
cards
Business Growth
Why do firms choose to stay small 1,
Why do firms choose to expand 2,
What are the two types of growth ...
18
cards
Business Objectives
What are the conditions for profi...,
What are the conditions for reven...,
What are the conditions for sales...
4
cards
Efficiency
What is productive efficiency 1,
What is allocative efficiency 2,
What is dynamic efficiency 3
4
cards
Perfect Competition and Monopolistic Competition
What are the characteristics of a...,
Go on sketchpad and draw the long...,
Advantages and disadvantages of p...
6
cards
Oligopoly and Monopoly
Characteristics of an oligopoly 1,
What is n firm concentration ratio 2,
What is the equation for n firm c...
20
cards
Monopsony
What is a monopsony 1,
Give examples of monopsonies 2,
What are monopsonies able to do t...
3
cards
Contestability
Define what a contestable market 1,
Characteristics of a contestable ...,
Describe hit and run competition 3
5
cards
Labour Market- Demand,Supply,WELD,WELS,Mobility
Define labour demand and labour s...,
The demand for labour is a 2,
Factors influencing labour demand 3
13
cards
Labour Market - Wage Determination In Competitive and Non-Competitive Markets
Characteristics of a perfectly co...,
Go on sketchpad to show the wage ...,
What is a monopsony within a labo...
8
cards
Labour Market - Labour Market Issues
Give different labour market issu...
1
cards
Labour Market - Govt Intervention in Labour Markets
What is a minimum wage in the lab...,
Advantages of minimum wage 2,
Disadvantages of minimum wage 3
4
cards
Govt intervention - Controlling Monopolies: Price and Profit Regulation
Where would the price ceiling be ...,
What is the formula if regulator ...,
Advantages and disadvantages of t...
7
cards
Govt Intervention - Controlling Monopolies: Quality Standards, Performance Targets, Controlling Mergers
What are quality standards 1,
Problems with quality standards 2,
What are performance targets 3
7
cards
Govt Intervention - Promoting Competition and Contestability:Deregulation and Privatisation
Definition deregulation 1,
Advantages and disadvantages of d...,
Definition privatisation 3
5
cards
Govt Intervention - Promoting Competition and Contestability:Competitive Tendering and Promotion of Small Businesses
What is competitive tendering and...,
Arguments for and against competi...,
What are ways the govt can promot...
4
cards
Govt Intervention - Protecting suppliers and Employees
Different methods govt interventi...,
What are some ways the govt can r...,
What is nationalisation 3
4
cards
Impacts of govt intervention
What are the purposes of govt int...,
What are limitations to govt inte...,
What is regulatory capture 3
3
cards
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Economics-Theme 3
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