Econ 2023.003 Helper

ECO 2023.003 Mock Exam II “Answers”:

Note - Remember there is no official answer key created for these mock exams, however these are my answers, which should be pretty accurate.

If you would like to explain an answer, suggest a different answer to a question, or just collaborate in general on the mock exam, please go to this website and make as many changes as you would like:

https://etherpad.net/p/mockexam02

“Answers:”

1. B

2. C

3. C

4. D

5. B

6. C

7. D

8. D

9. D

10. D

11. D

12. A & C

13. A

14. ~[SKIP]

15. D

16. C

17. C

18. D

19. C

20. D

21. T

22. F

23. F

24. ~[SKIP]

25. F

26. [SEE BELOW]

    1. 80%

    2. 2,350

    3. The merger would be rejected because:

       1. The Herfindahl Index is raised above 2500 points (Before Merger: 2350 After Merger: 3950)

       II. The Herfindahl Index increases above 200 points