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Libby Goodall
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Decks in this class (17)
4.1.1 spectrum of competition
What are the characteristics of a...,
When does a firm in the uk have m...,
What is monopoly power influenced...
26
cards
4.1.2 barriers to entry
What are the characteristics of c...,
What is hit and run competition 2,
What do barriers to entry aim to ...
13
cards
4.1.3 oligopoly
What is an oligopoly 1,
When is a market an oligopoly 2,
What are some characteristics of ...
38
cards
4.1.4 business objectives and pricing decisions
What are marginal costs 1,
How are marginal costs calculated 2,
What does the law of diminishing ...
8
cards
4.1.5 productive and allocative efficiency
What is productive efficiency 1,
What are the advantages to busine...,
What are the advantages to consum...
8
cards
4.2.1 market failure
What is a monopsony 1,
Why can a firm with monopsony pow...,
What are the costs to monopsony p...
4
cards
4.2.2 business regulation
Who is the main competition regul...,
What are the key aims for competi...,
What do competition authorities i...
9
cards
4.3.1 market failure in society
When does market failure occur 1,
What happens to social welfare wh...,
What is an externality 3
18
cards
4.3.2 externalities
How are social costs calculated 1,
What is the calculation for exter...,
What is the calculation for socia...
6
cards
4.3.3 policies to deal with market failure
What can governments use to corre...,
How do subsidies encourage the co...,
What are tradeable pollution perm...
5
cards
4.4.1 the AD/AS model
What is aggregate demand 1,
What does aggregate demand meaure 2,
What are the components of aggreg...
28
cards
4.4.2 demand-side policies
What are demand side policies des...,
How does quantitative easing have...,
What is the method of qe 3
10
cards
4.4.3 supply side policies
What do supply side policies aim ...,
What is the difference between ma...,
What are some free market supply ...
5
cards
4.5.1 risks and uncertainty
What is the difference between ri...,
What are shocks 2,
What is a recent example of a maj...
7
cards
4.5.2 the role of the financial sector
What are 3 examples of financial ...,
What are exchanged in a financial...,
What do financial markets do 5 3
4
cards
4.5.3 the role of the central bank
What does the central bank manage...,
What are some examples of central...,
What rate does the central bank c...
12
cards
4.5.4 the global financial crisis
What does the global financial cr...,
What was the economy like before ...,
What does it mean for government ...
16
cards
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theme 4; making markets work
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