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Microeconomics AQA

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

By: elizabeth shepley
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Decks in this class (5)

Economic Methodology And The Economic Problem
Allocative efficiency,
Allocative price function,
Capital goods
22  cards
price determination in a competitive market
Competing supply,
Competitive market,
Complementary goods
26  cards
Production Costs and Revenues
Average cost,
Average revenue,
Capital productivity
23  cards
Competitive and Concentrated Markets
Artificial barrier to entry,
Collusion,
Concentrated market
25  cards
Market Mechanism, Market Failure and Government Intervention in Markets
Administrative costs,
Asymmetric informaiton,
Complete market failure
37  cards

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Microeconomics AQA

  • Class purpose General learning

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