1
AGEC 440 Exam 2 Questions with Answers (100%
Correct Answers)
Industrial organization economics was a response to which of the
following market conditions?
a. markets are increasingly competitive
b. markets are increasingly concentrated
c. markets are increasingly dynamic
d. markets are increasingly differentiated
e. markets are increasingly mature Answer: B
The Industrial organizational economics approach explains the
performance of
a. A subset of firms in an industry
b. An industry
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, 2
c. A firm
d. A vertical or value chain of interconnected industries (i.e. farm to
fork)
e. Firms that produce different products in an industry Answer: B
Industry performance is defined by:
a. the assets and resources of a firm
b. Industry Price
c. a firm's competitive advantage
d. the success of an industry in producing benefits to consumers (and
producers)
e. B and D Answer: E
A firm that decides to implement a prince is an example that best
illustrates the following component of the S-C-P paradigm
© 2025 All rights reserved
AGEC 440 Exam 2 Questions with Answers (100%
Correct Answers)
Industrial organization economics was a response to which of the
following market conditions?
a. markets are increasingly competitive
b. markets are increasingly concentrated
c. markets are increasingly dynamic
d. markets are increasingly differentiated
e. markets are increasingly mature Answer: B
The Industrial organizational economics approach explains the
performance of
a. A subset of firms in an industry
b. An industry
© 2025 All rights reserved
, 2
c. A firm
d. A vertical or value chain of interconnected industries (i.e. farm to
fork)
e. Firms that produce different products in an industry Answer: B
Industry performance is defined by:
a. the assets and resources of a firm
b. Industry Price
c. a firm's competitive advantage
d. the success of an industry in producing benefits to consumers (and
producers)
e. B and D Answer: E
A firm that decides to implement a prince is an example that best
illustrates the following component of the S-C-P paradigm
© 2025 All rights reserved
