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本帖最后由 一起学CFA 于 2016-1-26 10:28 编辑 + u9 x3 i/ [& S
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CFA Level I：Economics - The Firm and Market Structures 精选题和学习要点
& G- o/ m# L& U0 O. Q! M) HLearning Outcome Statements (LOS) / w3 j! F& z7 Z9 y( G
a Describe the characteristics of perfect competition, monopolistic competition, oligopoly, and pure monopoly; 3 v1 a o' `; e
b Explain the relationships between price, marginal revenue, marginal cost, economic profit, and the elasticity of demand under each market structure;
/ S9 [+ y2 ]. G! v, i h8 cc Describe the firm’s supply function under each market structure; 7 X! t/ ~4 C. n2 L, X/ I. a$ ~. N
d Describe and determine the optimal price and output for firms under each market structure; J: l: r6 k& v
e Explain factors affecting long-run equilibrium under each market structure;
4 u1 h5 e8 M/ u$ D# M$ D/ U2 a7 {: Mf Describe pricing strategy under each market structure; 5 X6 o( u6 a. N
g Describe the use and limitations of concentration measures in identifying;
6 h8 }0 w- H, [, ~; Q* k3 _$ Gh Identify the type of market structure a firm is operating within;3 N0 A# D; A) T/ |! M' G# S
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1. If the minimum efficient scale of a single producer is small relative to the demand for an undifferentiated good, the market structure of the producer is best described as being:
4 |& [8 w0 w9 L* L6 xA. an oligopoly & J- F! U& n& c+ p( D: |
B. perfect competition 8 o8 l" r+ j1 T( }- O
C. monopolistic competition
7 m6 Y- G0 N% e登录回复后可见：答案和详解
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' _; V+ T9 p6 @Answer：B* T. R, Y$ S/ E3 W+ G
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2. Successful product development, advertising, and the creation of brand names are most likely to have a positive impact on the economic profit of the producer under:
! n$ B3 l4 k6 O' N. QA. a monopoly ! N1 {4 D( ]6 d2 k
B. perfect competition
g W# a+ _7 SC. monopolistic competition ) }7 |+ t7 _( ^2 S3 h% f- V! a
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& g# \; X' s" C( b! |3. The least likely reason why a firm in perfect competition is a price taker is because:& N/ T: T) d/ g3 n% ^9 Q/ m
A. buyers are well informed about prices of other firms 1 X5 F2 |$ G6 V; Q9 }1 e+ Z# m
B. it can set its product’s price at or above the market price
! j9 M3 \( V, [7 Y5 M7 [( V% W/ M+ g# mC. it produces a very small portion of the total output of a particular good
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8 A6 @; Q; @( r' Z4. For a firm in perfect competition, as output increases the marginal revenue will most likely:
) X6 U2 b+ | r tA. increase
- @4 e! p# ?6 VB. decrease
5 C: Q6 s& \( [1 k/ V+ TC. remain constant 2 z) Q7 [8 h' Z6 Q
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/ c f' i k$ [3 i- W, y5. First degree price discrimination is best described as pricing that allows producers to increase their economic profit while consumer surplus: $ }5 ^+ @ Q& e3 e, d
A. increase
/ ?2 y$ X1 S+ c9 U7 [4 bB. decrease
8 E3 v5 t- f4 ~1 p: ]9 YC. is eliminated
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