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Poppy Longman
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Decks in this class (14)
Revenue
Total revenue 1,
Average revenue 2,
Marginal revenue 3
8
cards
Profit
What is the distinction between a...,
What are the two main aspects of ...,
What is normal profit 3
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 3
9
cards
Business Objectives
Objective to maximise profit 1,
Objective to maximise revenue 2,
Objective to survive 3
6
cards
Efficiency
Define productive efficiency 1,
Which businesses would we expect ...,
Define allocative efficiency 3
7
cards
Market Structures
Define market structures 1,
What are the two main factors tha...,
Barriers to entry cost of setting...
9
cards
Types Of Markets - Perfect Competition
Define perfect competition 1,
What are the 5 assumptions about ...,
What is the significance of there...
12
cards
Types of markets - Monopolistic competition
Define monopolistic competition 1,
What are the 4 assumptions of mon...,
What is the significance of their...
10
cards
Types of Markets - Oligopily
Define oligopoly 1,
How do you measure an oligopoly 2,
What is how do we work out the co...
10
cards
Types of Markets - Monopoly
What is a monopoly 1,
What is a pure monopoly 2,
What does the government define a...
11
cards
Natural Monopoly
What is a natural monopoly 1,
What would happen if a new firm e...,
Advantages of natural monopoly 3
7
cards
Competition Policy, Privatisation, Nationalisation
Define nationalisation 1,
Define renationalisation 2,
What are the advantages of nation...
14
cards
Production
0
cards
Costs
0
cards
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Micro A2
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