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Micro Economics

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

By: Lydia Smith
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Decks in this class (12)

Basic Economic Principles And Terms
What is a stakeholder 1,
What are the four main stakeholde...,
What is gdp 3
34  cards
1 Economic Methodology And The Economic Problem
What is ceteris paribus 1,
What is a positive statement 2,
What is a normative statement 3
31  cards
2 Individual Economic Decision Marketing
What is the consumers aims when m...,
What is the firms aim when making...,
What is a consumers utility 3
33  cards
3 Price Determination In A Competitive Market
What is demand 1,
What s the factors shift of the d...,
What does the downward sloping de...
27  cards
4 Production Costs and Revenues
How is productivity calculated 1,
What does being more productive m...,
How come productivity be increased 3
31  cards
5.4 Monopoly And Monopoly Power
Charcteristics of a monopoly 1,
When does a firm have monopoly po...,
The higher the barriers to entry 3
7  cards
5.7 Price Discrimination
What is price discrimination 1,
What is firs degree price discrim...,
What is second degree price discr...
9  cards
5.8 Dynamics Of Competition And Market Processes
What is a long run benefit of com...,
What is a short run benefit of co...,
Who proposed the idea of creativ ...
5  cards
5.9 Contestable And Non Contestable Markets
0  cards
5.1 Perfect Competition
What are the different market str...,
How is a market structure charact...,
The more firms there are the more 3
23  cards
5.2 Monopolistic Competition
Characteristics of monopolistical...,
What do buyers and sellers have i...,
Why can firms in a monopolistical...
7  cards
5.3 Oligopoly
Characteristics of an oligopoly 1,
Why are there high barriers to en...,
How are firms interdependent in a...
24  cards

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Micro Economics

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