Micro Graphs Flashcards
(28 cards)
1
Q
PPF curve
A
2
Q
Consumer and producer surplus
A
3
Q
Indirect tax
A
4
Q
Subsidy
A
5
Q
Negative externality of production
A
6
Q
Negative externality of consumption
A
7
Q
Positive externality of consumption
A
8
Q
Positive externality of production
A
9
Q
Minimum price
A
10
Q
Maximum price
A
11
Q
Profit Maximisation
A
12
Q
Revenue Maximisation
A
13
Q
Sales Maximisation
A
14
Q
Minimum efficient scale
A
15
Q
Short run cost curve diminishing marginal productivity
A
16
Q
Relationship between short run and long run average cost curves
A
17
Q
Short run shutdown
A
18
Q
Short run monopolistic competition
A
19
Q
Long run monopolistic competition
A
20
Q
Short run perfect competition
A
21
Q
Long run perfect competition
A
22
Q
Kinked demand curve
A
23
Q
Monopoly profit maximising equilibrium
A
24
Q
Third degree price discrimination
A
25
Natural Monopoly
26
Monopsony
27
Monopsony in the labour market
28
Bilateral monopoly
