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Amy Hinton
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Decks in this class (16)
3.1.1 - Size and types of firms
What is a sole trader,
What is a partnership,
What are private limited companie...
10
cards
3.1.2 - Business growth
What are the 2 types of business ...,
What is internal organic growth,
Advantages of internal growth
14
cards
3.1.3 - Demergers
What is a demerger,
Reasons for a demerger,
What is synergy
6
cards
3.3.1 - Revenue
What is revenue,
Total revenue equation,
Average revenue equation ar
9
cards
3.3.2 - Costs
Short run costs,
Long run costs,
Total costs equation
11
cards
3.3.3 - Economies and diseconomies of scale
What is economies of scale,
What is the mes,
Benefits of economies of scale
7
cards
3.3.4 - Normal profits, supernormal profits and losses
What is profit,
Total cost,
Marginal profit
13
cards
3.4.1 - Efficiency
What is productive efficiency,
What is allocative efficiency,
What is allocative efficiency
9
cards
3.4.2 - Perfect competition
What are the 5 main assumptions o...,
Perfect competition profit,
Is perfect competition efficient
6
cards
3.4.3 - Monopolistic competition
What is monopolistic competition,
Market characteristics,
Demand for monopolistic competition
7
cards
3.4.4 - Oligopoly
What are oligopoly market charact...,
What is interdependent,
Examples of non price competition
18
cards
3.4.5 - Monopoly
What is a monopoly,
What are the market characteristi...,
What is a pure monopoly
19
cards
3.4.6 - Monopsony
What is a monopsony,
Is a monopsony efficient,
Do monopsonists profit max
8
cards
3.4.7 - Contestability
What is contestability,
What are the effects of contesabi...,
Contestable monopolies
8
cards
3.5 - Labour Market
What is the demand curve for kabo...,
What is the mrpl,
What does higher mrpl mean
14
cards
3.6 - Government Intervention
What is the cma,
What is surrogate competition,
Controlling mergers
15
cards
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Micro y13
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