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Poppy Longman
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Decks in this class (14)
Revenue
Total revenue,
Average revenue,
Marginal revenue
8
cards
Profit
What is the distinction between a...,
What are the two main aspects of ...,
What is normal profit
7
cards
Growth of Firms
What are the benefits a firm gets...,
Why does a firm want a large mark...,
What are the methods of growth hi...
9
cards
Business Objectives
Objective to maximise profit,
Objective to maximise revenue,
Objective to survive
6
cards
Efficiency
Define productive efficiency,
Which businesses would we expect ...,
Define allocative efficiency
7
cards
Market Structures
Define market structures,
What are the two main factors the...,
Barriers to entry cost of setting...
9
cards
Types Of Markets - Perfect Competition
Define perfect competition,
What are the 5 assumptions about ...,
What is the significance of there...
12
cards
Types of markets - Monopolistic competition
Define monopolistic competition,
What are the 4 assumptions of mon...,
What is the significance of their...
10
cards
Types of Markets - Oligopily
Define oligopoly,
How do you measure an oligopoly m,
What is how do we work out the co...
10
cards
Types of Markets - Monopoly
What is a monopoly,
What is a pure monopoly,
What does the government define a...
11
cards
Natural Monopoly
What is a natural monopoly,
What would happen if a new firm e...,
Advantages of monopoly
7
cards
Competition Policy, Privatisation, Nationalisation
Define nationalisation,
Define renationalisation,
What are the advantages of nation...
14
cards
Production
0
cards
Costs
0
cards
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Micro A2
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