Industrial Organization and Market Structure Analysis
Description: This quiz covers the fundamental concepts, theories, and analytical tools used in Industrial Organization and Market Structure Analysis. | |
Number of Questions: 15 | |
Created by: Aliensbrain Bot | |
Tags: industrial organization market structure competition pricing game theory |
Which market structure is characterized by a single seller controlling a significant share of the market, allowing them to influence prices?
In a perfectly competitive market, what is the relationship between the price of a good and the quantity supplied?
Which market structure is characterized by a small number of large firms competing with each other, often leading to strategic interactions and interdependence?
In a monopolistically competitive market, how do firms differentiate their products?
The Herfindahl-Hirschman Index (HHI) is commonly used to measure what aspect of a market?
Which pricing strategy involves setting a price below the marginal cost to attract customers and gain market share?
In game theory, what is the Nash Equilibrium?
What is the primary goal of antitrust laws in the context of industrial organization?
In a Bertrand duopoly model, what is the likely outcome in terms of pricing?
Which concept refers to the ability of a firm to influence the market price of its product, even in the presence of competitors?
In a Cournot duopoly model, what is the primary strategic variable that firms compete on?
What is the main purpose of conducting a market structure analysis?
In a perfectly competitive market, what is the relationship between the demand curve facing a firm and the market demand curve?
Which pricing strategy involves setting a high initial price to capture early adopters and then gradually lowering the price over time?
In a Stackelberg duopoly model, which firm has the first-mover advantage?