Ünite Sınavı Soruları

Calculate the level of production that maximizes the profit of a good with an inverse demand function P = 150 – Q and a total cost function TC = 40Q.

….. is a type of predatory conduct with the ultimate aim of driving the rivals out of the market, ….. is a strategy to preempt potential rivals from entering the market, to begin with. Which of the following completes the sentence above?

What factors foster collusion in markets?

Which of the following is an “irrationally” low pricing set by a firm to deter rival firms from competing and ultimately to drive them out of the market?

How does the Federal Trade Commission define price-fixing in the context of regulating competitive behavior in the markets?

Which of the following is a characteristic of perfectly competitive markets?

According to Gibrat's Law, what does it propose about the distribution of firms' size in a market and the evolution of individual firms' market share over time?

While the ….. strategy generally takes place when an incumbent firm has the absolute cost advantage, ….. is a strategy of the incumbent firms in industries requiring large-scale production and excessive capital expenditures. Which of the following completes the sentence above?

Which of the following is the rule that states that the distribution of the size of firms in a market is log-normal and that the market share of an individual firm over time is a random variable?

What characterizes Pareto-optimality or Pareto-efficiency in game theory?

What is the aim of entry-deterrent strategies, such as limit pricing and capacity expansion?

What defines the Bertrand Paradox in a duopoly situation with two firms producing a homogenous product and a symmetrical cost structure?

What is a common form of anti-competitive strategy in markets?

Which of the following is an entry deterrence strategy conducted by the incumbent firm by setting the price too low so that potential market entrants would find entry unprofitable?

According to the structure-conduct-performance paradigm, firms can influence market structure through their conduct. In the context of strategies to protect or improve market shares, what is the significance of credible and non-credible threats?

Which of the following, refers to the ability of the player being better than the competitors due to having the chance to choose its strategy before the competitors in sequential games?

Consider a market with an incumbent firm(I) and a potential entrant(E). The inverse market demand function is P = 150 - Q. While the total cost function of the incumbent is defined as TCı = 40 . qI, that of the entrant is TCE = 100 + 50qE, hence, there is a sunk cost associated with the entry. Use the Stackelberg model to find the equilibrium profit of firm I.

Which of the following equations refers to the Theory of Proportional Growth?

Which of the following refers to a set of strategies that are conducted by firms to discourage or deter other firms from competing in the market?

According to Bain's paper on barriers to market entry, which are anticompetitive entry-deterring strategies?

I. Absolute cost advantage of the incumbent firm
II. The requirement of large capital expenditures
III. Product differentiation
IV. Non-Credible threats
V. Transparent pricing by the incumbent