Econ425_Exam1

Econ425_Exam1 - 1 Econ425 Industrial Organization Spring...

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Econ425 – Industrial Organization Spring 2011 Name______________ Exam 1 (Feb 16 th 1:15pm-2:15pm) Total 100 Points Part One: Multiple Choice (Total 40 points, 5 points each) Choose the one alternative that best completes the statement or answers the question. 3. Which one of the following statements about the traditional Standard- Conduct- Performance approach is NOT necessarily true? a. Performance can be easily measured. b. There is a positive correlation between market concentration and performance. c. Most studies are based on inter-industry data rather than data on a particular industry. d. Market structure affects performance through the conduct or behavior of firms. e. None of the above. 4. Suppose the cost of producing q1 cars and q2 trucks is C(q1,q2) = 3,000 + 5q1 + 10q2. The degree of economies of scope when q1=50 and q2=50 is equal to: a. 20%. b. 25%. c. 50%. d. 75%. e. None of the above. 5.
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Econ425_Exam1 - 1 Econ425 Industrial Organization Spring...

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