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Economics Unit 3

This class was created by Brainscape user Jack Harris. Visit their profile to learn more about the creator.

By: Jack Harris
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Decks in this class (12)

Economies of Scale
What is the difference between in...,
What are the 6 internal economies...,
3 external economies of scale 3
7  cards
The Birth and Growth of Firms
What is turn over 1,
How is market share measured 2,
Define capital employed 3
39  cards
Competition in the UK and EU
3 reasons for competition policy 1,
What is the competition policy in...,
What are the two areas of operati...
4  cards
Theory of the Firm
3 inputs used in the production p...,
Define total output 2,
Define average output 3
30  cards
Motives for firms and loss minimisation
What is the formula for profit ma...,
What does this graph show 2,
3 reasons why firms profit maximi...
18  cards
Types of effciency
Define allocative efficiency 1,
What is the formula for allocativ...,
What would the graph look like fo...
9  cards
Market Concentration Ratio
What is the market concentration ...,
What is the 3 firm concentration ...
2  cards
Market structures
6 charicteristics of a perfectly ...,
One example of a perfectly compet...,
What does the diagram look like f...
38  cards
Collusion and Cartels
Define collusion 1,
What is overt collusion 2,
What is tacit collusion 3
7  cards
Price Discrimination
What is price discrimination 1,
What 3 conditions does there have...,
What 3 techniques are used to kee...
3  cards
Pricing and non-pricing stratgies
Define cost plus pricing 1,
2 advantages of cost plus pricing 2,
2 disadvantages of cost plus pric...
18  cards
Privatization
Define privatisation 1,
Define deregulation 2,
3 example of industries that are ...
12  cards

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Economics Unit 3

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