davenport econ625 week 4 quiz

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?