Subjects under University of Technology Sydney
Document Details

Economics For Business

User Description:
This is study notes for final exam. This is including all of topic of the subject.

Thinkswap Satisfaction Guarantee

Each document purchased on Thinkswap is covered by our Satisfaction Guarantee policy. If you are not satisfied with the quality of any document, or you believe the document was incorrectly described or categorised, Thinkswap will provide a full refund of exchange credits so you can check out another document. For more information please click here.

This student studied:
Claim a Thinkswap Bounty

Do you know if the Subject listed above has changed recently? Click report to earn free Exchange Credits!

Document Information:
16 Pages Complete Study Notes < 1 Year old
Share

5 Ex Credits


Document Screenshots:
Economics For Business
Topics this document covers:
Economy Economics Business economics Market structure Market Costs Imperfect competition Demand Marginal cost Supply and demand Economic equilibrium Perfect competition
This is a Complete Set of Study Notes

Complete Study Notes typically cover at least half a semester’s content or several topics in greater depth. They are typically greater than 20 pages in length and go into more detail when covering topics.

What are Exchange Credits:

Exchange Credits represent the worth of each document on Thinkswap. In exchange for uploading documents you will receive credits. These can then be used to checkout other documents on Thinkswap.

Topics this document covers:
Economy Economics Business economics Market structure Market Costs Imperfect competition Demand Marginal cost Supply and demand Economic equilibrium Perfect competition
Sample Text:
s • Identical or homogenous product • No barriers to entry or exit for firms • No one firm is able to influence price, so firms are price takers Monopoly • A firm is a monopoly if it is the sole seller of its product and if its product has no close substitutes • Monopoly is a form of an imperfect market • A monopoly firm can exercise market power • The main reason that monopolies occur is due to barriers to entry Monopoly competition • Many buyers and sellers • Each firm has small market share leading to limited market power • No collusion between firms • Independent actions of firms • Easy entry and exit of firms • Differentiated product Characteristic of oligopoly • A form of imperfect competition • A market structure in which a few firms dominate and are large enough to have some influence on the market outcome • The product can be homog...
Similar Documents to Economics For Business

ECON1001 Complete Study Notes

This student studied:
University of Sydney - ECON1001 - Introductory Microeconomics

Complete study with all notes of lectures and textbook summarised. All topics and modules are covered

5 Ex Credits

View Details

Complete Notes for Buss1040 Perfect for Mid-Sem - Covers up to Week 6

This student studied:
University of Sydney - BUSS1040 - Economics for Business Decision Making

Every topic is covered in detailed and easy to understand format. Includes important reminders and tips on answering questions in boxes throughout the document. Easy to remember structure and will have you set perfect for exams.

5 Ex Credits

View Details

ECON111 Course Notes

This student studied:
Macquarie University - ECON111 - Microeconomic Principles

Course notes for ECON111 with detailed diagrams of all types of market competition. Received HD

5 Ex Credits

View Details

Basic Notes from ECON1101 Lecture

This student studied:
University of New South Wales - ECON1101 - Microeconomics 1

1 Ex Credit

View Details