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PHASE 2- Ch.7 Cost and Industry Structure Flashcards Preview

APEC1101H-SEM1 > PHASE 2- Ch.7 Cost and Industry Structure > Flashcards

Flashcards in PHASE 2- Ch.7 Cost and Industry Structure Deck (4)
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1

accounting profit

cash concept

2

economic profit

total revenue mins total cost

3

oligopoly

handful of firms in market

4

monoply

single firm producing all units

Decks in APEC1101H-SEM1 Class (26):

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