121FINAL2006

121FINAL2006 - University of California Department of...

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University of California Fall 2006 Department of Economics R. Gilbert ECONOMICS 121 INDUSTRIAL ORGANIZATION Final Exam Directions: Write your name on the front of your exam. Try to answer all questions. Point values are shown for each question and its parts. Write clearly and show all your work. Clarity and brevity will be rewarded. (30%) I. (10%) a) Describe the framework employed to analyze mergers as presented in the DOJ/FTC Horizontal Merger Guidelines . (10%) b) Discuss how a merger may adversely affect competition through either coordinated or unilateral effects. (10%) c) Explain the difficulty of applying the framework in the DOJ/FTC Horizontal Merger Guidelines to analyze a merger with unilateral effects. Use U.S. v. Oracle as an example. (15%) II. Medicaid is a government-funded healthcare program. The government requires every drug manufacturer to give Medicaid the best price that it offers to any private payer for its drugs. How does this affect the incentives for a drug maker
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This note was uploaded on 09/29/2008 for the course ECON 121 taught by Professor Woroch during the Spring '07 term at Berkeley.

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121FINAL2006 - University of California Department of...

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