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本帖最后由 一起学CFA 于 2016-1-26 10:28 编辑 , ?' E1 b! c- A0 o/ D3 p; x& H
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CFA Level I:Economics - The Firm and Market Structures 精选题和学习要点
1 f2 ?- K+ x* x3 cLearning Outcome Statements (LOS)
, f. c; @' j! `$ C: Na Describe the characteristics of perfect competition, monopolistic competition, oligopoly, and pure monopoly; 8 |9 _, i+ t9 b: Y0 E/ `/ u
b Explain the relationships between price, marginal revenue, marginal cost, economic profit, and the elasticity of demand under each market structure; . w. Y0 u: ^) v
c Describe the firm’s supply function under each market structure;
. J! S* K2 B1 C3 F) F8 _+ t% Hd Describe and determine the optimal price and output for firms under each market structure;
: e$ M+ y, `. }. ~e Explain factors affecting long-run equilibrium under each market structure; / |- T' ?" z2 N8 X2 c+ \2 t
f Describe pricing strategy under each market structure;
4 J$ M6 Y# }- [) yg Describe the use and limitations of concentration measures in identifying;
M* G+ A ?3 T8 rh Identify the type of market structure a firm is operating within;
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( |5 O, i# r4 O6 e0 j$ j* q1. 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:
. r5 |3 ]9 ]* P( ]! qA. an oligopoly
4 g' q3 X# e$ \9 X8 E7 _& CB. perfect competition ; ~: p% y& R" V0 E3 r% h4 \6 i% q
C. monopolistic competition 5 F$ l- Y6 \3 ^( h
登录回复后可见:答案和详解
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Answer:B
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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:
( ]+ w8 z, b0 _' y8 TA. a monopoly $ G, y/ Z! M' n3 A
B. perfect competition
% W5 S8 r$ B3 ~- @9 t- p- HC. monopolistic competition
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3. The least likely reason why a firm in perfect competition is a price taker is because: J" T; I& q7 N4 K |* V
A. buyers are well informed about prices of other firms 3 [7 u7 g! X' Y" T2 S' V$ u5 v
B. it can set its product’s price at or above the market price
/ X; T3 r0 z# X4 g/ f1 a3 X7 UC. it produces a very small portion of the total output of a particular good
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) R4 [9 w# [/ M/ C E6 }# I, p& ^4. For a firm in perfect competition, as output increases the marginal revenue will most likely:
) P) O' @& B# MA. increase
% W# y8 Y# ]2 I3 z9 ?B. decrease
+ v0 G0 q. t4 [3 eC. remain constant
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2 q% ~0 T2 {3 l# ~5. First degree price discrimination is best described as pricing that allows producers to increase their economic profit while consumer surplus:
8 M* Z5 z+ f1 c5 \( @6 oA. increase ; _ h3 A3 ^& Y8 b; k$ R
B. decrease * `4 b2 g# d" ^! k- y
C. is eliminated - q) c9 p1 P; y' |5 S5 d+ z6 L
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