Microeconomics at Hochschule Furtwangen

Flashcards and summaries for Microeconomics at the Hochschule Furtwangen

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Study with flashcards and summaries for the course Microeconomics at the Hochschule Furtwangen

Exemplary flashcards for Microeconomics at the Hochschule Furtwangen on StudySmarter:

excess supply (a.d.)

Exemplary flashcards for Microeconomics at the Hochschule Furtwangen on StudySmarter:

demand for (a.d.)

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due to … (a.d.)
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Exemplary flashcards for Microeconomics at the Hochschule Furtwangen on StudySmarter:

encounter /a.d.)

Exemplary flashcards for Microeconomics at the Hochschule Furtwangen on StudySmarter:

How is a market defined?

Exemplary flashcards for Microeconomics at the Hochschule Furtwangen on StudySmarter:

Demand is determined by buyers (a.d.)

Exemplary flashcards for Microeconomics at the Hochschule Furtwangen on StudySmarter:

What is perfect competition?
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Exemplary flashcards for Microeconomics at the Hochschule Furtwangen on StudySmarter:

What does it mean, when there is a large number of buyers and sellers?

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determined (a.d.)

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On which types of market structure, the entry barriers are high?

Exemplary flashcards for Microeconomics at the Hochschule Furtwangen on StudySmarter:

On which types of market structure, the entry barriers are low or none?
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Is the Number of firms on Monopolistic competition many or few?

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Exemplary flashcards for Microeconomics at the Hochschule Furtwangen on StudySmarter:

Microeconomics

excess supply (a.d.)
Überangebot

Microeconomics

demand for (a.d.)
Forderung nach

Microeconomics

due to … (a.d.)
durch ...

Microeconomics

encounter /a.d.)
Begegnung

Microeconomics

How is a market defined?
an encounter of buyers and sellers in a market place in order to trade a specific good o service.

Microeconomics

Demand is determined by buyers (a.d.)
Nachfrage wird von Käufern bestimmt.

Microeconomics

What is perfect competition?
homogenous products, large number of buyers and sellers

Microeconomics

What does it mean, when there is a large number of buyers and sellers?
no one is able to influence the market price.

Microeconomics

determined (a.d.)
bestimmt, beschlossen

Microeconomics

On which types of market structure, the entry barriers are high?
Monopoly and Oligopoly

Microeconomics

On which types of market structure, the entry barriers are low or none?
Perfect competition and Monopolistic competition

Microeconomics

Is the Number of firms on Monopolistic competition many or few?
many

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