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Amy Hinton
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Decks in this class (16)
3.1.1 - Size and types of firms
What is a sole trader 1,
What is a partnership 2,
What are private limited companie...
10
cards
3.1.2 - Business growth
What are the 2 types of business ...,
What is internal organic growth 2,
Advantages of internal growth 3
14
cards
3.1.3 - Demergers
What is a demerger 1,
Reasons for a demerger 2,
What is synergy 3
6
cards
3.3.1 - Revenue
What is revenue 1,
Total revenue equation 2,
Average revenue equation ar 3
9
cards
3.3.2 - Costs
Short run costs 1,
Long run costs 2,
Total costs equation 3
11
cards
3.3.3 - Economies and diseconomies of scale
What is economies of scale 1,
What is the mes 2,
Benefits of economies of scale 3
7
cards
3.3.4 - Normal profits, supernormal profits and losses
What is profit 1,
Total cost 2,
Marginal profit 3
13
cards
3.4.1 - Efficiency
What is productive efficiency 1,
Productive efficiency value 2,
What is allocative efficiency 3
9
cards
3.4.2 - Perfect competition
What are the 5 main assumptions o...,
Perfect competition profit 2,
Is perfect competition efficient 3
6
cards
3.4.3 - Monopolistic competition
What is monopolistic competition 1,
Market characteristics for monopo...,
Demand for monopolistic competiti...
7
cards
3.4.4 - Oligopoly
What are oligopoly market charact...,
What is interdependent 2,
Examples of non price competition 3
18
cards
3.4.5 - Monopoly
What is a monopoly 1,
What are the market characteristi...,
What is a pure monopoly 3
19
cards
3.4.6 - Monopsony
What is a monopsony 1,
Is a monopsony efficient 2,
Do monopsonists profit max 3
8
cards
3.4.7 - Contestability
What is contestability 1,
What are the effects of contesabi...,
Contestable monopolies 3
8
cards
3.5 - Labour Market
What is the demand curve for kabo...,
What is the mrpl 2,
What does higher mrpl mean 3
14
cards
3.6 - Government Intervention
What is the cma 1,
What is surrogate competition 2,
Controlling mergers 3
15
cards
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Micro y13
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