This class was created by Brainscape user Theo Pincemin. Visit their profile to learn more about the creator.

Decks in this class (12)

Elasticities
Define price elasticity of demand 1,
How is it calculated 2,
If ped is between 1 infinity what...
27  cards
Costs, revenues and profits
How do you define short run and l...,
Define total product average and ...,
Describe what happens when you ad...
36  cards
labour markets
What do the labour demand and sup...,
What are the factors which cause ...,
What are the determinants of the ...
16  cards
Market failure
What is a negative positive exter...,
Define private and social costs 2,
Define private and social benefits 3
27  cards
Market Structures
What are the characteristics of a...,
Why is a firm in perfect competit...,
Why is it that firms in perfect c...
64  cards
percentage change
How do you calculate percentage c...
1  cards
Efficiencies
What is allocative efficiency 1,
What is productive efficiency 2,
What is dynamic efficiency 3
19  cards
Alternative business objectives
What are the different reasons fo...,
Where does sales maximisation occ...,
Why might a firm sales maximise 3
6  cards
Contestability
What is a contestable market 1,
What is a sunk cost 2,
What are the characteristics of a...
8  cards
CMA
What is the cma 1,
How does it regulate markets 2,
Why and how does the govt regulat...
11  cards
growth of firms
Why might a firm want to grow 1,
How might a firm grow 2,
What is horizontal integration 3
10  cards
privatisation
Define privatisation 1,
What are the different forms in w...,
What are the benefits of privatis...
6  cards

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Micro economics

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