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本帖最后由 一起学CFA 于 2016-1-26 10:28 编辑 0 W. D$ \3 P# [7 Z2 X6 F5 I$ W$ b
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CFA Level I:Economics - The Firm and Market Structures 精选题和学习要点
5 r# E* B( U# H% F4 `Learning Outcome Statements (LOS)
& W* B R' `- v; b9 Ea Describe the characteristics of perfect competition, monopolistic competition, oligopoly, and pure monopoly; # h3 {: l+ q* H3 Z8 g% m
b Explain the relationships between price, marginal revenue, marginal cost, economic profit, and the elasticity of demand under each market structure;
3 Z' e" u9 }- `1 I& ^4 _c Describe the firm’s supply function under each market structure; 4 z* H; L J# c1 |
d Describe and determine the optimal price and output for firms under each market structure;
* X; V, Q' c/ r$ }, M# De Explain factors affecting long-run equilibrium under each market structure; ; {3 D, Z4 c! W& b( G) Z) a6 x7 `
f Describe pricing strategy under each market structure;
6 d M9 L6 J# eg Describe the use and limitations of concentration measures in identifying;
. v# G; j4 M% C) J2 | a$ th Identify the type of market structure a firm is operating within;$ {/ B9 ^) v2 e; J% 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:
6 D& h, C9 A3 L1 x9 rA. an oligopoly
3 W8 P( r% ^3 N, AB. perfect competition - S& D2 {7 s1 H$ z+ r+ _
C. monopolistic competition
4 h( V! e" f; m. x- l1 f: M* A登录回复后可见:答案和详解
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" R W2 o1 D& B$ yAnswer:B
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: [: U- D- Y3 B/ ~' a9 X2. 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:
& ~5 T0 i9 N/ R- KA. a monopoly
3 y$ u4 t. t5 ]% c: Z" GB. perfect competition
! C" a' d1 @* I2 m$ J% b1 X& aC. monopolistic competition 2 v. W! Q0 y, }1 o0 u3 u2 Y- W
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3. The least likely reason why a firm in perfect competition is a price taker is because:( T: \4 r2 Q5 P: {
A. buyers are well informed about prices of other firms
- y- B9 S) N$ l+ K7 K+ k- iB. it can set its product’s price at or above the market price
7 c. M$ y4 G$ ]! kC. it produces a very small portion of the total output of a particular good
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4. For a firm in perfect competition, as output increases the marginal revenue will most likely:
8 f) l' o8 q3 {! ^% IA. increase
, a% q9 Q3 [# | F# G' dB. decrease
1 @+ j: y, v0 z* \& O; x+ B# ]& LC. remain constant
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^1 S* e. _" a" H$ R/ u6 s5. First degree price discrimination is best described as pricing that allows producers to increase their economic profit while consumer surplus: + ~$ i/ R2 N5 Q+ k9 \$ V: ?
A. increase 1 ~* I/ [/ K& D6 t/ S
B. decrease
. B4 }" W7 [) [% eC. is eliminated
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