semester 1 2017 exam paper .pdf - Semester One Final...

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Semester One Final Examinations, 2017 ECON2410 Economics of Business Strategy Page 1 of 9 This exam paper must not be removed from the venue School of Economics EXAMINATION Semester One Final Examinations, 2017 ECON2410 Economics of Business Strategy This paper is for St Lucia Campus students. Examination Duration: 120 minutes Reading Time: 10 minutes Exam Conditions: This is a Central Examination This is a Closed Book Examination - specified materials permitted During reading time - write only on the rough paper provided This examination paper will NOT be released to the Library Materials Permitted In The Exam Venue: (No electronic aids are permitted e.g. laptops, phones) An unmarked Bilingual dictionary is permitted Calculators - Casio FX82 series or UQ approved (labelled) Materials To Be Supplied To Students: 1 x 14 Page Answer Booklet 1 x Multiple Choice Answer Sheet Instructions To Students: Part A: Answer all questions on the Multiple Choice Answer sheet. Parts B & C: Each question in Parts B & C contains two options – (a) and (b). Answer option (a) or option (b) in the Answer Booklet. Total Questions: 24 Total Marks: 75 Venue ____________________ Seat Number ________ Student Number |__|__|__|__|__|__|__|__| Family Name _____________________ First Name _____________________ For Examiner Use Only Question Mark Total ________
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Semester One Final Examinations, 2017 ECON2410 Economics of Business Strategy PART A – Multiple Choice Questions Answer ALL Questions on the Multiple Choice Answer Sheet. Select the ONE answer that is most correct. Each Question is worth 2 marks. (30 Marks Total) A1. Substitutes are defined as products with __________.
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A2. If you were to read in a business section of your local newspaper that a recent merger has led to an industry having a Herfindahl index measure equal to 0.45, what is the proper conclusion?
A3. A market has 5 firms. One of them has a market share of 50%, a second 20%, and the other three 10% each. Which of the following statements is true?

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