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Ahmed Sisay
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Decks in this class (14)
contestable. Markets
Contestable markets are characterized by "hit and run" competition; if a firm in a contestable market raises its prices so as to begin to earn excess profits, potential rivals will enter the market, hoping to exploit the high price for easy profit.
12
cards
Market Structures
Pure monopoly 1,
Negatives of monopolies 2,
Positives of monopolies 3
21
cards
price discrimination
Define price discrimination 1,
Examples of price discrimination 2,
Conditions in order to price disc...
9
cards
Behavioural Economics
Traditional economists argument o...,
Behavioural economicsts 2,
Behavioural economics beleieve th...
25
cards
Market Failure
Overproducing and oerconsunsiming...,
Marginal social benefit 2,
Marginal social cost 3
26
cards
monopolistic competition
What is monopolistic competition 1,
Characteristics of monopolistic c...,
Examples of monopolistically comp...
19
cards
Objectives of Firms
Profit satisficing 1,
Sales maximisation ac ar 2,
Divorce of ownership nd control 3
12
cards
Poverty
Relative poverty 1,
Absolute poverty 2,
Government spending on benefits t...
4
cards
Discrimination in the Labour Market
Why shouldnt the government inter...,
Goverment should intervene discri...,
Wage discrimination 3
11
cards
labour markets
Mrp 1,
Labour demand 2,
Elasticiity of demand 3
17
cards
production costs and revenue
Production 1,
Specialisation 2,
Advantages of specialisation 3
23
cards
poverty
Lorenz curve 1,
Absolute poverty 2,
Relative poverty 3
9
cards
Monopoly Regulation and Competition Policies
Monopoly regulation competition p...,
When to intervene into market 2,
Aims of intervention 3
16
cards
XED,YED,PED
Xed 1,
Xed calculation 2,
Xed significance 3
7
cards
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Econ micro
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