|
|
CFA Level I：Economics - The Firm and Market Structures 精选题和学习要点' W2 Z V0 o: E+ |0 \* C
Learning Outcome Statements (LOS) 8 Z$ B1 q& A9 e# ~( A9 ~
}* A3 b# u! j* G
$ e1 L) J; Q' ^6 _* A/ v6. The following equations have been developed for a company:% w2 Y0 p- O+ e
9 l$ ~, D Y5 d# J4 ^" n# @
The profit maximizing output for this firm (in units) is closest to: ' s: \% M g3 B1 G; H0 i% k$ G
A. 7
% Q- b* z8 J2 y% f: }+ k( uB. 8
7 X. V( f' _) E" ^% PC. 11 ; K6 |$ X5 R R5 O4 S& H
登录回复后可见：答案和详解3 h6 b8 c; U# A5 J, C, \# E# N
Answer：A; W: U3 O# j4 J/ r) I
, a' s, w" I$ f; E; H
8 G7 Y6 s! j. J6 \4 X
) z& ^: B }- Q; n3 N [7. Consider the following data for a firm operating in perfect competition.
( i, @9 h+ }' k
0 w% e/ q5 X! @The firm’s profit-maximizing output ( in units) is most likely: $ G. e! _7 a, T7 w
A. 21
4 K# a" P6 R h5 XB. 23
, J) N/ _ N; z" H' x; r, H2 {C. in excess of 24
7 x6 B" p$ y8 m2 A4 m- J, l0 U/ K/ \+ m/ o5 N. ~
5 C, X4 [9 h+ _4 U. c. H- o
/ i, l" B1 X$ k# F
8. Which of the following statements concerning market structure and Herfindahl-Hirschman Index (HHI) is most accurate?
* C- _* M7 ?) q8 eA. HHI is a useful measure of potential barriers to entry # D" e" ?- {7 C* b& M
B. Low control over prices is characteristic of oligopolies
# g, P# z. u% }3 J: Z4 @C. An HHI value of 0.006 indicates that a market is highly competitive7 h" v$ b; \( M; u: `
Answer：C; the HHI value of 0.006, which is very smaller, means that the concentration of this market is low, so it is highly competitive.
5 ?, }: q M( UA is incorrect; HHI does not take the possibility to entry into account, so it’s not a useful measure of potential barriers to entry.
; w* S% D$ s Q+ PB is incorrect; oligopolies have highly control over prices.
3 \) Y' H6 y- L9 V# | {& [4 x1 G5 L; G/ s0 P# R# ?5 w1 \! a6 c: T
: c7 `9 ]$ }& c7 Z
9. In perfectly competitive industries, what is the most likely long-run effect of a permanent decrease in demand? 2 T4 ~, K$ M* s2 f% B' u R/ R; Z
A. Price decreases / K3 |) J$ Z% C* x
B. Firms incur economic losses
& p) T' v0 o6 A! \C. The number of firms decrease- A9 M/ ` |. D# |' T4 O# P; h1 n
, }5 Y) _7 H9 F. _, w. K& O; Z9 t8 o% i* _8 P Z& A- s
& j- e% k+ x4 d3 y10. As compared with acting independently, a group of oligopolistic companies operating with perfect cooperation will most likely experience an increase in: * ~# C+ \, x( l; n, q. ]: B# c
A. Both output and prices
9 G# w8 R: Z* |9 R5 p; lB. Output and a decrease in prices
5 X" @, a8 Y1 GC. Prices and a decrease in output0 t! Y1 n1 b! o& y8 p$ Q
8 J* t' c- e: V更多CFA习题可关注：高顿CFA题库.
1 `$ A1 W4 m" Z8 l3 K关注：这里是华尔街（ID:CFA-online）公众号，每天读点金融，离梦想近一点！
, J/ F. {* L9 O; ^( K8 l
6 G+ J5 P* A3 D' M _4 } |
|
[复制链接]
匿名
发表于 2019-9-26 04:35:05
发表于 2016-1-27 09:59:00
