Microeconomics 9

The Analysis of Competitive Markets

0.0 (0)

Fichier Détails

Cartes-fiches	11
Langue	English
Catégorie	Economie politique
Niveau	Université
Crée / Actualisé	17.11.2012 / 13.03.2015
Lien de web	https://card2brain.ch/box/microeconomics_9
Intégrer	<iframe src="https://card2brain.ch/box/microeconomics_9/embed" width="780" height="150" scrolling="no" frameborder="0"></iframe>

Liste des carte

welfare effects

Commandes clavier:

= tourner,

= avant/arrière,

= faire défiler

Gains and losses to consumers and producers.

deadweight loss

Commandes clavier:

= tourner,

= avant/arrière,

= faire défiler

Net loss of total (consumer plus producer) surplus

welfare benefit

Commandes clavier:

= tourner,

= avant/arrière,

= faire défiler

consumer + producer surplus measure the welfare benefit of a competitive market

economic efficiency

Commandes clavier:

= tourner,

= avant/arrière,

= faire défiler

Maximization of aggregate consumer and producer surplus

market failure

Commandes clavier:

= tourner,

= avant/arrière,

= faire défiler

Situation in which an unregulated competitive market is inefficient because prices fail to provide proper signals to consumers and producers.

2 reasons for market failure

Commandes clavier:

= tourner,

= avant/arrière,

= faire défiler

- Externalities (Action taken by prod. or cons. which affects other parties but isn't in the market price)

- Lack of information

price support

Commandes clavier:

= tourner,

= avant/arrière,

= faire défiler

Price set by government above free-market level and maintained by governmental purchases of excess supply.

import quota

Commandes clavier:

= tourner,

= avant/arrière,

= faire défiler

Limit on the quantity of a good that can be imported.

tariff

Commandes clavier:

= tourner,

= avant/arrière,

= faire défiler

Tax on an imported good.

specific tax

Commandes clavier:

= tourner,

= avant/arrière,

= faire défiler

Tax or a certain amount of money per unit sold.

subsidy

Payment reducing the buyer's price below the seller's price; i.e., a negative tax.

1 / 11

Liste des carte

Étudier

Microeconomics 9

Créer ou copier des fichiers d'apprentissage

Créer ou copier des fichiers d'apprentissage

Connecte-toi pour voir toutes les cartes.

SWITCHaai

Office 365

Edulog

Apple ID

Google