MIRCO Flashcards
(25 cards)
1
Q
PPB/PPF
A
2
Q
Supply and demand - supply shift right
A
3
Q
Supply and demand - demand
shift right
A
4
Q
Negative externality in
production
A
5
Q
Positive externality in
consumption
A
6
Q
Negative externality in
consumption
A
7
Q
Positive externality in
production
A
8
Q
Maximum price
A
9
Q
Minimum price
A
10
Q
Tax
A
11
Q
Subsidy
A
12
Q
Tax plus externality
A
13
Q
Subsidy plus externality
A
14
Q
Monopoly
A
15
Q
Oligopoly - kinked demand
A
16
Q
Perfect competition - short run (making super normal)
A
17
Q
Perfect competition - long run
A
18
Q
Price discrimination 3rd degree
- elastic subgroup
A
19
Q
Price discrimination 3rd degree
- inelastic subgroup
A
20
Q
Price cap on cost / revenue
diagram (monopoly)
A
21
Q
Increase in firm costs on cost /
revenue diagram (monopoly)
A
22
Q
Labour market monopsony
A
23
Q
Labour market monopsony +
minimum wage / trade union
wage
A
24
Q
Discrimination in labour
markets
A
25
Lorenz curve
