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micro-economics

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

By: Borys Starszuk
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Decks in this class (7)

Perfect Competition
What is perfect competition,
What are 8 conditions of a perfec...,
Why are there many sellers
10  cards
Price Discrimination
Define price discrimination,
What are the 4 necessary conditio...,
What is 1st degree price discrimi...
8  cards
Objectives of the Firm
What is the key assumption of a f...,
What determines whether or not th...,
What is a stakeholder
25  cards
Profit
What is accounting profit,
How is profit per unit calculated,
What is economic profit
11  cards
Diminishing Returns
Define diminishing returns,
Define the short run,
Define the long run
16  cards
Shutdown Price
Where does shutdown price occur,
What does shutdown price consider...,
If ar avc what will the firm do
8  cards
Long Run Average Cost Curve
What does long run average cost c...,
What is the long run average cost...,
Are there diminishing returns and...
3  cards

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micro-economics

  • Class purpose General learning

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