This class was created by Brainscape user Lemon Cake. Visit their profile to learn more about the creator.
By:
Lemon Cake
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Decks in this class (13)
1 - Introduction
What are actors 1 2 3 1,
What is the effect of the followi...,
Blank 3
3
cards
2 - Supply and Demand
What are limiting factors of supp...,
What are limiting factors of dema...,
What is a equilibirum price 3
4
cards
3 - Production and Costs
What are factors of production ex...,
What is 1 a production set 2 a pr...,
What is a short run production 3
14
cards
4 - Costs, Profits & Supply
Blank 1,
Short run cost curves average var...,
Short run cost curves average tot...
12
cards
5 - Competitive Markets
Characteristics of competitive ma...,
What is the contribution margin 2,
What is the producer surplus 2
5
cards
6 - Monopolies
Definition monopoly 1 2 3 1,
Definition monopsony 1 2 3 2,
What is the market power of a mon...
11
cards
7 - Monopoly Power
What is the magnitude of the mark...,
What is 1 elasticity 2 price elas...,
What is the colloquial 3
6
cards
8 - Price Differentiation (Self-Study)
What is the main idea of price di...,
What are the broad forms of price...,
What is the reservation price 3
15
cards
10 - MRTS, Isoquants, Returns to Scale
What is returns to scale 1,
What might be reasons for increas...,
What happens at decreasing return...
3
cards
11 - Cost Minimization
What is the user cost of capital 1,
Blank 2
2
cards
12 - Oligolopies, Nash Equilibrium
What is the cournot model 1,
What is the cournot equilibriuk 2,
What is a reaction curve 3
3
cards
13 - Game Theory
What is a game 1,
What is 1 a cooperative game 2 a ...,
What is 1 a payoff 2 an optimal s...
7
cards
EXAM STUFF
Characteristics competitive market 1,
Arguments for oligopoly 2,
Arguments for monopoly 3
17
cards
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Microeconomics
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