ZIMSEC A-Level Economics
5Theory of the Firm
Overview
Form 5 (competency matrix 8.1.5) and Form 6 (8.2.3).
In this topic
Lessons
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Objectives of firms
40 min
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Revenue and the profit-maximising output
45 min
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Collusion, cartels and the Prisoner's Dilemma
45 min
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Market structures: features, barriers and contestability
40 min
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Monopolistic competition
40 min
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Monopoly and natural monopoly
45 min
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Oligopoly: interdependence and pricing behaviour
45 min
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Perfect competition
45 min
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Normal and supernormal profit and the shutdown decision
40 min
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Judging how well markets use resources: the five kinds of efficiency
50 min
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Price discrimination
45 min
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Sample question
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