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Hall 3

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

By: Alex Ojinnaka
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Decks in this class (16)

Objectives of firms
5 economics objectives of firms 1,
Allocative efficiency 2,
Profit maximisation 3
6  cards
The law of diminishing returns
Ldr 1
1  cards
MES
Mes 1,
High mes 2,
Low mes 3
4  cards
Competitive markets
Perfect competition 1,
6 characteristics of perfect mark...,
3 advantages of perfectly competi...
4  cards
Firm growth and Mergers
Why do firms grow 1,
Internal expansion 2,
Extrenal expansion 3
10  cards
Monopoly
6 sources of monopoly power 1,
In a monopoly market 2,
How monopoly markets can be justi...
3  cards
Non-Collusive oligopoly
Concentration ratios 1,
Structure 2,
3 game theory strategies 3
7  cards
Collusive oligopoly
2 types of collusion 1,
4 ways collusion is made easy 2,
4 ways cartels are easily broken ...
3  cards
Price discrimination
Price discrimination 1,
4 conditions needed for pd 2,
Purpose of pd 3
8  cards
Contestability
Contestability 1,
3 perfectly contestable market 2,
2 benefits 3
6  cards
Labour market
Fundamental about labour 1,
2 types of factor affecting suppl...,
5 factors affecting labour supply 3
5  cards
Monopsony and Trade Unions
Monopsonist 1,
Monopsonist wage rate 2,
Trade unions 3
5  cards
National minimum wage
Nmw 1,
Effect of nmw 2,
Transfer pricing 3
7  cards
Innequality
Marketable wealth 1,
Non marketable 2,
4 ways wealth is acquired 3
7  cards
Public ownership vs Privatisation
Privatisation 1,
3 benefits of privatisation 2,
Disadvantages of privatisation 3
6  cards
Government projects
Ppp 1,
3 benefits of ppp 2,
Disadvantages of ppp 3
6  cards

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Hall 3

  • Class purpose General learning

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