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Decks in this class (22)
3.1.1 Size and types of Firms
What is the private sector 1,
What is the public sector 2,
Give 3 reasons why a firm may wan...
11
cards
3.1.2 Business Growth
What is organic growth 1,
What are the advantages of organi...,
What are the disadvantages of org...
21
cards
3.1.3 De-mergers
What are the 3 reasons for a de m...,
How does a lack of synergies lead...,
How does the value of the company...
6
cards
3.2.1 Business Objectives
0
cards
3.3.1 Revenue
What is total revenue 1,
What is average revenue 2,
What is the ar curve and what doe...
6
cards
3.3.2 Costs
What are total costs 1,
How do you calculate total costs 2,
What are fixed costs 3
16
cards
3.3.3 Economies and Diseconomies of Scale
What are internal economies of sc...,
Give 3 examples of things that wi...,
What are external economies of sc...
6
cards
3.3.4 Normal and Supernormal Profit
What is the condition for profit ...,
What is normal profit 2,
What is supernormal profit 3
6
cards
3.4.1 Efficiency
What are the 4 types of efficiency 1,
What is allocative efficiency 2,
What is productive efficieny 3
20
cards
3.4.2 Perfect Competition
What are the 5 conditions for a p...,
What is supernormal proft 2,
Why can supernormal profit not be...
4
cards
3.4.3 Monopolistic Competition
What are the characteristics of a...,
Give the analysis of a monopolist...,
Give the analysis of a monopolist...
7
cards
3.4.5 Monopoly
What is a monopoly 1,
What are the characteristics of a...,
Is a monopoly firm allocatively e...
21
cards
3.4.6 Monopsony
What is monopsony power 1,
What can a monopsony business do 2,
What are the costs to suppliers i...
9
cards
3.4.7 Contestable Markets
What is a contestable market 1,
What characteristics need to exis...,
How has technology increased cont...
8
cards
3.5.1 Demand for Labour
What is the demand for labour 1,
How is a wage a derived demand 2,
How will firms base their decisio...
25
cards
3.6.1 Government Intervention
What are the 4 main ways in which...,
Where does the government set a m...,
Explain the affects using the dia...
27
cards
3.6.2 Impact of Government Intervention
What is the impact of government ...,
What is the impact of government ...,
What is the impact of government ...
7
cards
3.5.2 Supply of Labour
What choice do individuals have t...,
What is the income effect 2,
What is the substitution effect 3
23
cards
3.5.3 Competitive Labour Markets
What are the 5 characteristics of...,
What does labour being homogenous...,
How does no barriers to entry and...
8
cards
3.5.3 Non-competitive Labour Markets
What real life scenario points ou...,
What are the 5 reasons for labour...,
How is labour not homogenous 3
37
cards
3.5.3 Government Intervention into Labour Markets
What are the 4 ways the governmen...,
What is a minimum wage 2,
Where does a minimum wage sit on ...
20
cards
3.4.4 Oligopolys
What is a concentration ratio 1,
What does n stand for in terms of...,
What is an oligopoly market 3
35
cards
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Theme 3
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