This class was created by Brainscape user Reegan Harrison. Visit their profile to learn more about the creator.
By:
Reegan Harrison
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Decks in this class (19)
Sizes and Types of Firms
Why do firms choose to stay small,
Why do firms grow,
How do firms grow to increase pro...
17
cards
Business Growth
Internal organic growth,
Advantages of organic growth,
Disadvantages of organic growth
28
cards
Business Objectives
Why would firms profit maximise,
What else can be achieved with sh...,
What is the short runprofit maxim...
20
cards
Revenues, Costs and Profits
What is tr and the calculation,
What is ar calculation,
What is mr calculation
68
cards
Efficiency
What does efficiency judge,
What is the point for allocative ...,
What is allocative efficiency
11
cards
Perfect Competition
What is the primary characteristics,
Example of perfect competition,
What are goods in perfect competi...
19
cards
Monopolistic Competition
Real life examples,
Characteristics of monopolistic c...,
How does monopolistic competition...
12
cards
Oligopolies
Oligopoly,
Four characteristics of oligopoly,
What does high concentration rati...
61
cards
Monopoly
What market share does google have,
Pure monopoly,
What is the market share requirem...
36
cards
Monopsony
What are the characteristics of a...,
What is the primary monopsony pow...,
What is the other best example of...
7
cards
Contestability
Contestability,
Characteristics of a contestable ...,
Examples of contestable markets
15
cards
Demand for Labour
What kind of demand is labour,
Mrp,
Explain mrp
27
cards
Supply of Labour
What is the supply of labour,
Factors affecting the supply of l...,
How does the wage rate affect the...
20
cards
Wage determinants in competitive and non competitive markets
Sticky wages,
What are the current labour marke...,
Reasons why there are wage differ...
22
cards
Governments Controlling Monopolies
What do the cma do,
What are the four things the cma ...,
Ofwat
26
cards
Governments Promoting Competition and contestability
How do governments promote small ...,
Why do governments promote small ...,
Why do governments deregulate mar...
9
cards
Governments protecting suppliers and employees
How do governments stop monopsonies,
How does the government protect,
How do governments protect employees
4
cards
Privatisation and Nationalisation
Advantages of privatisation,
Disadvantages of privatisation,
Advantages of nationalisation
6
cards
Impacts of government intervention
What,
What is the impact of government ...,
What is the impact of government ...
11
cards
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THEME 3
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