Industrial Organisation sample final exam1
工业组织代考 Supposethata market is comprised of six firms. The largest firm has a market share of 20% whilst the other five have 16% Discuss
Time allowed: Two hours, plus an additional 30 minutes to format and upload answers.
Answer all questions in Section A, one question from Section B and one question from Section C.
Regarding any diagrams you may wish to draw, please note that you can draw these by hand or on a computer, but credit will not be given for diagrams copied and pasted from other sources.
Section A – answer ALL questions (questions carry equal weight) – 40 marks total 工业组织代考
- Using appropriatediagrams, discusswhether a natural monopoly might emerge in a market with linear total costs.
[10 marks]
- Explainhowcapacity constraints remove the Bertrand paradox and allow price-setting duopolists to set price above marginal cost for homogenous products.
[10 marks]
- Withreferenceto specific cases, briefly discuss what factors influence the success of a cartel.
[10 marks]
- 4. Explain how the number of firms in a market, and the possibility of new entrants, affects firms’abilityto maintain tacit collusion.
[10 marks] 工业组织代考
1 We give a sample exam so you can see the format and the type of questions that might be asked. The real exam will obviously have different questions.
Section B – answer ONE question – 30 marks total
5.
- a) Supposethata market is comprised of six firms. The largest firm has a market share of 20% whilst the other five have 16% Discuss whether competition authorities would allow a horizontal merger in this market. What other information would be required in order to give a complete answer?
[15 marks]
- b) Supposethata market has a simple vertical chain with a monopoly wholesaler and a competitive retailer. Using appropriate diagrams, discuss how a vertical merger would affect consumers in this market.
[15 marks] 工业组织代考
6.
- a) Onepossiblestrategy of intellectual property protection (IPP) is to utilise lead time and exploit a first mover advantage in an attempt to establish a product as a de facto Using examples, discuss under what circumstances strategic methods of IPP would be preferred to formal, institutional methods of IPP.
[15 marks]
- b) Citingspecificexamples and with reference to literature, discuss what factors influence the outcome of a standards race.
[15 marks]
Section C – answer ONE question – 30 marks total 工业组织代考
7.
- a) Inaduopoly with vertical product differentiation, where firms first choose quality then choose price, explain how firms determine the levels of quality for their products.
[20 marks]
- b)In this setting, assess whether the firms are likely to benefit from advertising.
[10 marks] 工业组织代考
- Explain, withreference to relevant theory and example(s), why an established firm may adoptpredatory pricing to compete with a new rival.
[30 marks]
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