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Principles of microeconomics

This class was created by Brainscape user Max Eustance Brougham. Visit their profile to learn more about the creator.

By: Max Eustance Brougham
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Decks in this class (16)

Perfect competition
What are the two rules for profit...,
What is the marginal output rule 2,
What is the shutdown rule 3
12  cards
Monopoly
What are some monopoly assumptions 1,
What is the market structure of a...,
What is monopoly profit maximisin...
4  cards
price discrimination
What are conditions necessary for...,
What are assumptions of price dis...,
What is first degree price discri...
5  cards
Monopolistic competition
What are two forms of imperfect c...,
What are two ways products can be...,
What is horizontal differentiation 3
8  cards
Game theory
What do economists use game theor...,
What is the nash equilibrium 2,
What are two requirements for nas...
4  cards
Quantity setting oligopolists
What was cournot s assumption 1,
What was bertrand s assumption 2,
What are assumptions of oligopoli...
7  cards
Price setting oligopolists
What are bertrands specific assum...,
What is nash equilibrium in bertr...,
What are four main ways to break ...
3  cards
Collusion
What are conditions necessary for...,
How do you calculate the present ...,
What is the likely outcome if fir...
3  cards
perfect labour market
What is labour 1,
What is capital 2,
What is land 3
15  cards
Imperfect labour market
What are monopsony assumptions 1,
What is the monopsony market stru...,
What is the market supply curve i...
7  cards
Efficiency of markets
What is productive efficiency 1,
What is allocative efficiency 2,
What is pareto optimal 3
5  cards
Externalities
What is a negative externality 1,
What is a positive externality 2,
What are some market based polici...
5  cards
Public goods
What conditions satisfy a rival p...,
What is an excludable product 2,
What are the two categories for e...
6  cards
Information
0  cards
From practise test
Can indifference curves intersect 1,
Consumers prefer averages to extr...,
If a consumer spends income on pi...
10  cards
Own price effects and consumer welfare
Compensated demand curves 1,
Ordinary demand curves include 2,
What is consumer surplus on a dia...
5  cards

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Principles of microeconomics

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