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Economics Unit 3 > Market Structures and Concentration Ratios > Flashcards

Market Structures and Concentration Ratios Flashcards

Economics Unit 3 (20 decks)

Types of Businesses

Sizes of businesses

Business Objectives

Economies and Diseconomies of scale

Profits and Losses

Market Structures and Concentration Ratios

Perfect Competition

Monopolistic Competition

Monopoly and Monopsony

The Demand for labour

The supply of labour

The determination of wage rates

The market failure in the labour market

Government intervention in product markets

Government intervention in labour markets

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