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More cards in this set
Card 16
Front
How does a monopoly cause market failure?
Back
Card 17
Front
What are the 4 main problems with monopolies?
Back
Card 18
Front
What are the 3 main benefits associated with monopolies?
Back
Card 19
Front
What is inequality?
Back
Card 20
Front
How does inequality cause market failure?
Back
Card 21
Front
What are the reasons for inequality?
Back
Card 22
Front
How does the immobility of factors of production cause market failure?
Back
Card 23
Front
What are the 2 main types of factor immobility?
Back
Card 24
Front
What is the equation of social costs?
Back
Card 25
Front
What is the equation of social benefits?
Back
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