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davenport econ625 week 4 quiz




Question;?;Which U.S. agency is responsible for preventing anti-competitive;conduct?;?;Question 2;3.5 out of 3.5 points;What criterion developed by the DOJ is used to identify all potential;competitors within the market?;?;Question 3;3.5 out of 3.5 points;Which of the following is not a characteristic of substitute products;X and Y?;?;Question 4;3.5 out of 3.5 points;What empirical method generally is used to measure the degree to which;products substitute for each other?;?;Question 5;3.5 out of 3.5 points;What is defined by the number and size distribution of the firms in a;market?;?;Question 6;3.5 out of 3.5 points;What term refers to situations in which firms can sustain prices in;excess of those that would arise in a non-cooperative single-shot price or;quantity-setting game?;?;Question 7;3.5 out of 3.5 points;What type of cooperation-inducing strategy is defined as one so;compelling that that a firm would expect all other firms to adopt it?;?;Question 8;3.5 out of 3.5 points;Which of the following would not help facilitate coordination of;pricing across firms in an industry?;?;Question 9;3.5 out of 3.5 points;Why might a firm not be able to react quickly to competitors? pricing;moves?;?;Question 10;3.5 out of 3.5 points;Why do price-sensitive buyers tend to harm cooperative pricing in a;market?


Paper#57593 | Written in 18-Jul-2015

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