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Slimon Jan
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Decks in this class (18)
Objectives of firms
What are 4 of the main objectives,
Why would a firm want to profit m...,
What are some of the problems wit...
7
cards
Efficiencies
What is allocative efficiency and...,
What are the benefits of allocati...,
What is productive efficiency and...
8
cards
Perfect Competition
What are characteristics of perfe...,
What will not last in the long run,
Why would supernormal profit not ...
5
cards
Competitive Markets
What are the pros of competitive ...,
What are the cons of competitive ...,
Evaluation of competitive markets
3
cards
Monopoly
What are some characteristics of ...,
What are pros of monopoly,
What are cons of monopoly
4
cards
Natural Monopoly
What are the characteristics of a...,
Why is competition undesireable,
What is a natural monopoly
4
cards
Monopolistic Competition
What are the characteristics of m...,
What do companies compete in,
How do firms behave in the short run
6
cards
Price Discrimination
When does price discrimination occur,
What are the conditions necessary...,
When does 1st degree discriminati...
7
cards
Contestable Markets
What is a contestable market,
What are characteristics of conte...,
How has technology increased cont...
7
cards
Oligopolies - Kinked Demand
What are the characteristics of o...,
Explain why on the kinked demand ...,
Explain why on the kinked demand ...
4
cards
Oligopolies - Game Theory
What is the problem in terms of g...,
Explain the prisoners dilema,
What are the conclusions we reach...
3
cards
Oligopolies - Competition or Cartel
What are competitive oligopolies ...,
What are the factors promoting a ...,
What are evaluation points for co...
6
cards
Consumer and Producer Surplus
What is consumer surplus,
How do you find it,
5
cards
Wage differentials
What do we say about wage differe...,
What can we say about the labour ...,
Explain the labour market imperfe...
13
cards
Trade Unions and Competitive Markets
What are trade unions,
What are the characteristics of t...,
What does it mean if tus get invo...
7
cards
TU and Monopsonist Markets
What are the issue with wages in ...,
What are the characteristics of m...,
What will tu s say to monopsonies...
7
cards
National Minimum Wage
What is the national minimum wage,
What are the benefits of a nation...,
What are the problems with a nati...
4
cards
Labour
l
6
cards
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microeconomics 2
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