Page 1 of 3 Summer School 2017 Practice Exam questionsThe final exam will require you to answer all five questions presented. Questions can be based on any part of the material from lecture or classes. As announced in lecture #1, there are several types of questions that can appear in the exam: (A) Questions on definitions of concepts (B) Questions on examples of concepts from lecture or class discussion (C) Mini-case with a question(s) similar to lecture handouts The present document offers additional information to illustrate what these types of questions represent. 1. Questions can be based on definitions of concepts (TYPE A above). The following two questions are illustrations. QUESTION: Define the concept of ‘coopetition’ and explain if there is a limit to the coopetitive options a firm can use. Illustrate the concept and limitation with an example. QUESTION: Two firms are each entering one of two new markets, Town A or Town B. Firm 1 will earn profits of £1m if it locates in Town A and earn profits of £2m if it locates in Town B. Firm 1’s profits do not depend on where Firm 2 locates. However, Firm 2’s profits depend on whether it locates in the same town as Firm 1. If Firm 2 locates in the same town as Firm 1, it will earn zero profit. If Firm 2 locates in Town A when Firm 1 locates in Town B, Firm 2 earns £2m profit. If Firm 2 locates in Town B when Firm 1 locates in Town A, Firm 2 earns £1m profit.
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- Spring '16
- Lieven De Moor