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donut shop05
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Decks in this class (8)
Elasticity
What is elasticity,
What is inelasticity,
What is elasticity number
22
cards
Government Policies and Market Efficiency
What does it mean for a price con...,
What is a binding price floor,
What is a binding price ceiling
14
cards
Externalities, Public Goods, & Common Resources
What is an externality,
What is a negative externality,
What is a positive externality
25
cards
Costs of Production
When an economist uses the term c...,
What is a implicit cost,
What is an explicit cost
20
cards
Firms in Competitive Markets
What is a perfectly competitive m...,
Are there barriers forfirms to en...,
When should a firm shut down
11
cards
Monopolies
What is a monopoly,
Are there barriers to entry in mo...,
What is a natural monopoly
12
cards
Monopolistic Competition & Oligopolies
What is a monopolistically compet...,
What does a monopolistic competit...,
What do the profits look like in ...
15
cards
The Theory of Consumer Choice
0
cards
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micro econ
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