Edexcel A Level Economics A:复习笔记3.5.1 Demand for Labour
Factors That Influence The Demand for Labour The labour market is composed of sellers of labour (households) & buyers of labour (firms) Workers supply their labour & firms demand labour The...
A-level考试大纲更新有什么影响？
对于选择A-Level课程的同学来说，考试大纲的重要性毋庸置疑。因为考题多数都出自其中，想要在考试中拿到好成绩，备考前熟悉考纲，掌握各大知识点是必不可少的。A-Level各大考局，约每3年都要更新一次考纲。A-leve...
Edexcel A Level Economics A:复习笔记3.4.7 Contestability
Characteristics of Contestable Markets A contestable market occurs when there is freedom of entry into a market & where costs of exit are low A contestable market & competition are differen...
Edexcel A Level Economics A:复习笔记3.4.6 Monopsony
Monopsony Power A monopsony occurs when there is a single buyer in the market A pure monopsony is actually very rare, however there are many cases where there is a dominant buyer in an oligopoly or...
Edexcel A Level Economics A:复习笔记3.4.5 Monopoly
Characteristics of Monopoly A monopoly is a market structure in which there is a single seller There are no substitute products The firm has complete market power & is able to set prices & ...
Edexcel A Level Economics A:复习笔记3.4.4 Oligopoly
Characteristics of Oligopoly Most markets are imperfectly competitive Most imperfectly competitive industries operate in an oligopoly market structure E.g., Banks, insurance companies, department s...
Edexcel A Level Economics A:复习笔记3.4.3 Monopolistic Competition
Characteristics of Monopolistic Markets The characteristics of monopolistic competition are as follows There are a large number of small firms: each one is relatively small and can act independentl...
Edexcel A Level Economics A:复习笔记3.4.2 Perfect Competition
Characteristics of Perfect Competition The characteristics of perfect competition are as follows There are many buyers and sellers: due to the number of market participants sellers are price takers...
Edexcel A Level Economics A:复习笔记3.4.1 Efficiency
Types of Efficiency An Explanation of the Four Types of Efficiency Allocative Efficiency Occurs at the level of output where average revenue = marginal cost (AR = MC) At this point, resources are a...
