Practice_final_exam - YORK UNIVERSITY DEPARTMENT OF ECONOMICS AP\/ECON 3200 INDUSTRIAL ORGANIZATION Practice Final Exam(note that the format of the

Practice_final_exam - YORK UNIVERSITY DEPARTMENT OF...

This preview shows page 1 - 4 out of 12 pages.

YORK UNIVERSITY DEPARTMENT OF ECONOMICS AP/ECON 3200 – INDUSTRIAL ORGANIZATION Practice Final Exam (note that the format of the actual final exam may be different) Professor: Andrey Stoyanov Student name: _________________________________________________ First Name Last Name Student number: _______________________________________________ Signature:_____________________________________________________ YOU HAVE 2 HOURS AND 30 MINUTES TO COMPLETE THE TEST. THIS TEST IS A CLOSED-BOOK EXAM. YOU ARE NOT ALLOWED TO USE ANY MATERIALS. ABSOLUTELY NO USE OF CELL PHONES, I-PHONES, AND OTHER TEXT-STORING DEVICES. ONLY SIMPLE (NON-PROGRAMMABLE) CALCULATORS ARE ALLOWED. ANYONE CONSULTING A PHONE OR OTHER TEXT-STORING DEVICE DURING EXAM FOR WHATEVER REASON WILL BE DEEMED TO BE CHEATING AND ACADEMIC INTEGRITY HEARING WILL BE INITIATED
PART I (50%). SHORT-ANSWER QUESTIONS. EACH PROBLEM IS WORTH 5%. ANSWER 10 OUT OF 12 QUESTIONS Question 1What is °Industrial Organization±?Question 2Explain how a ²rm may face a downward-sloping demand function if it operates in anindustry without entry barriers. 1
Question 3Explain why the marginal cost curve is also the supply curve for a perfectly competitive²rm but not for a monopolist

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture