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De Thi Business Econ K58 59 CLC de 2 1
De Thi Business Econ K58 59 CLC de 2 1
De Thi Business Econ K58 59 CLC de 2 1
1. Analyse the advantages of manager-controlled firms. Is this kind of firms getting more
popular in Vietnam, why? (3 points)
2. Explain your understanding about economies of scale and economies of scope. Give example
for each of the types (1 point)
3. Two firms in the market produce their products with the following information: (2 points)
The market demand curve is Q = 95-P; Cost function is TC(Q)=1.5Q2-5Q+10 for each firm.
Assume that two firms compete with each other under Cournot:
a. What is each firm's response function? Draw the graph showing two firms' reaction (1.5)
b. What is the optimum quantity and price for each firm? What is the value of each firm's profit?
(0.5)
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Note: - This paper contains 4 questions.
- Students could use any material during the examination.
- Invigilators will not provide further explanation.