LO1 Calculate alternative measures of industry
structure, conduct, and performance, and
discuss their limitations.
LO2 Describe examples of vertical, horizontal,
and conglomerate mergers, and explain
the economic basis for each type of
LO3 Explain the relevance of the HerfindahlHirschman index for antitrust policy under
the horizontal merger guidelines.
LO4 Describe the structure-conduct-performance
paradigm, the feedback critique, and
their relation to the five forces framework.
LO5 Identify whether an industry is best
described as perfectly competitive, a
monopoly, monopolistically competitive,
or an oligopoly
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