A-Level真题每期一练（6）

上期真题答案：1.B 2.B 3.C  4.D 5.C

接下来是今天的真题，一起练起来呀~

1. Carphone Warehouse, a phone retailer, and TalkTalk, a broadband provider, were previously jointly owned. In March 2010 they separated into two companies and were listed individually on the stock exchange. A potential benefit of this demerger isthat

A Carphone Warehouse can reduce long run average costs

B Carphone Warehouse can gain technical economies of scale

C TalkTalk gains an exclusive retail outlet

D Consumers benefit from a decrease in contestability

E There will be an increase in external economies of scale        

2. The table gives information about a firm’s costs over a given range of output in the short run and in the long run. 

Which conclusions can be drawn about the characteristics of production over this output range in the short run and in the long run? 

3. In May 2009 , the German airline Deutsche Lufthansa AG took over Austrian Airlines.Which of the following was the most likely motive for this takeover?

A To avoid diseconomies of scale

B To gain from falling long run average costs

C To avoid an investigation by the Competition Commission

D To increase contestability

E To reduce unemployment.                                     

4 Reliance Industries Ltd (RIL) is an energy group which refines oil into petrol in India.In 2002 it merged with a crude oil extraction firm. What might be RIL’s reason for this merger?

A To gain from the benefits of horizontal integration

B To gain from the benefits of backward vertical integration

C To gain from the benefits of forward vertical integration

D To gain from the benefits of conglomerate integration

E To avoid diseconomies of scale.             

（真题答案请见下期推送）