Total Fixed Cost (TFC)

Total Variable Cost (TVC)

Internal economies/diseconomies of scale

List all the Internal Economies of Scale

List all internal diseconomies of scale

External economies/diseconomies of scale

List all external economies of scale

List all external diseconomies of scale

Minimum Efficient Scale (MES)

Accounting Profit

Economic Profit

Profit Maximisation

Allocative efficiency

Explain Allocative Efficiency

Productive efficiency

Productive Efficiency for firm vs society?

Dynamic Efficiency

Characteristics of Perfect Competition

Impact of Perfect Competition

Monopoly

Characteristics of Monopoly

Define Barriers to entry

Ways for Barriers to entry