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Unit 3

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Specification. When evaluating in unit 3.

Objectives of firms

Company growth. Revenue. Economies & diseconomies of scale. Costs. Types of efficiencies. Types of profits. Barriers to enter/exit. Market concentraition. Perfect competition structure. Monopoly. Monopsony. Monopolistic structure. Oligopoly. Contestability. Price discrimination. Government intervention. What is a public-private partnership? What is a PFI? What's the drawback of PFI? What's the drawback of PPP and PFI? What are the benefits of PFI? Will the public sector always be influenced by PPP/PFI?