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本帖最后由 一起学CFA 于 2016-1-26 10:28 编辑 4 l; J; V' X) |6 F& ~" c/ W/ m- f
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CFA Level I：Economics - The Firm and Market Structures 精选题和学习要点4 h+ b4 d# t- R4 N" A7 Q& _4 W
Learning Outcome Statements (LOS)
! W4 [' p# S; ?7 Q, _a Describe the characteristics of perfect competition, monopolistic competition, oligopoly, and pure monopoly; ; x. H! \( _- O8 C8 p" M
b Explain the relationships between price, marginal revenue, marginal cost, economic profit, and the elasticity of demand under each market structure;
! {& f8 j7 Z% Z) r+ F' ic Describe the firm’s supply function under each market structure; & y% \6 z- M# ^( Y9 K* P
d Describe and determine the optimal price and output for firms under each market structure;- I* s% k0 ]9 N! `
e Explain factors affecting long-run equilibrium under each market structure; ! U1 q! z% F8 T2 R
f Describe pricing strategy under each market structure;
/ g6 X# ^) Z+ m8 cg Describe the use and limitations of concentration measures in identifying; 1 t; |: \. p7 L1 j t5 P' |
h Identify the type of market structure a firm is operating within;+ U# p5 _) F" v/ p: p; F+ N
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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: 8 z8 _; ]5 T9 k6 D8 I( e, H; G- B* U
A. an oligopoly
3 z$ K `6 t" K( \B. perfect competition " ^' q! B3 J# F- b2 q
C. monopolistic competition - `& t' u3 e! R, \3 K
登录回复后可见：答案和详解 M" J( I1 K, J. X; W
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Answer：B
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6 f }" H: i- ~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: * I5 ^- \; r1 V) i7 V2 t8 Y1 X4 k
A. a monopoly 8 e% F$ g) q; u) Q; v5 l/ K
B. perfect competition
; |& Q6 K# L: T7 l- Z8 Q9 ~C. monopolistic competition
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3. The least likely reason why a firm in perfect competition is a price taker is because:6 f9 L3 N, J2 i- F7 s
A. buyers are well informed about prices of other firms
) r: I& |) R" w) ]4 q/ hB. it can set its product’s price at or above the market price 5 h4 A0 Z7 y6 E% }* e
C. it produces a very small portion of the total output of a particular good ; ^- Z C T% o! l1 W* R
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3 h2 N$ V% M) _$ l* J- [1 e4. For a firm in perfect competition, as output increases the marginal revenue will most likely:6 r5 n x$ [9 f6 v& ?' }% K1 b
A. increase
4 J1 _: a/ ~3 [. d' X2 o _# gB. decrease
5 m& H |# ~% |* hC. remain constant
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: Y* t3 o! S/ y, F6 H: m; x. p5. First degree price discrimination is best described as pricing that allows producers to increase their economic profit while consumer surplus:
4 Y5 g' {+ F/ h' DA. increase
6 |( @0 D( y$ Q ~! k$ P6 sB. decrease 3 f6 E) t5 U- c* p6 C% n4 H l
C. is eliminated
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