Please enable JavaScript.
Coggle requires JavaScript to display documents.
Theme 3 (Market Structures (Efficiency, Perfect Competition, Monopolistic…
Theme 3
Market Structures
Efficiency
Perfect Competition
Monopolistic Competition
Oligopoly
Monpoly
Monopsony
Contestability
Government intervention
To control mergers
to control monopolies
to promote competition
to protect suppliers and employees
Impact of Gov Intervention.
Business growth
Sizes and types of firms
How businesses grow
Demergers
Business objectives
Revenues, Costs & Profits
Revenue Formulae
PED
Costs and Formulae
Economies and Diseconomies of scale
Normal profits, SuperNormal Profits and losses
Labour Market
Demand for Labour
Supply of labour
Wage determination in competitive an non-competitive markets
Business Objectives