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本帖最后由 一起学CFA 于 2016-1-26 10:28 编辑
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! N2 Q8 T" O+ Q- d1 O- ^3 e/ A9 N" BCFA Level I:Economics - The Firm and Market Structures 精选题和学习要点( I& \" H+ Z5 ?8 [! w6 f4 s
Learning Outcome Statements (LOS)
2 Z, N2 L7 N! R( {a Describe the characteristics of perfect competition, monopolistic competition, oligopoly, and pure monopoly;
& B& K% H9 p$ [) F2 S9 j1 ]b Explain the relationships between price, marginal revenue, marginal cost, economic profit, and the elasticity of demand under each market structure; & r9 s; ~3 z. M2 Q9 _; I1 P' \
c Describe the firm’s supply function under each market structure; ) z( Q, D3 ]% T$ R$ y! ^: v4 G5 D
d Describe and determine the optimal price and output for firms under each market structure;, J: }8 H( i) A' W
e Explain factors affecting long-run equilibrium under each market structure;
4 a: f" L' N3 G9 ^- Hf Describe pricing strategy under each market structure; ; g# t& P8 z" O- q! m
g Describe the use and limitations of concentration measures in identifying; + [) |) R& w. ~; a( V$ h' s6 c) h
h Identify the type of market structure a firm is operating within;
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6 l0 }7 r* f) k1. 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: % S5 c) I' \1 {& E X" R
A. an oligopoly
; T5 \0 }, N- [4 ]# bB. perfect competition
' Q9 y2 a" I2 O% ]; I- |( @5 y0 XC. monopolistic competition + \9 |/ @. @) ]+ L) s( b2 p) D* i0 u2 _
登录回复后可见:答案和详解
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Answer:B
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/ F3 {( |- ^( q- w2. 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: 9 }) u& H2 }+ [. J
A. a monopoly
0 U" l' a" j) x' _# }B. perfect competition
1 X$ G. _8 T' L! F6 d- ZC. monopolistic competition
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3. The least likely reason why a firm in perfect competition is a price taker is because:
; F l" _7 B4 M' c4 jA. buyers are well informed about prices of other firms * g& i: v; E; A& D8 |6 N
B. it can set its product’s price at or above the market price 2 Q+ @: L. E) E' t* s# c
C. 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:
. G' B5 z& X6 M0 k% n: i1 tA. increase3 j& \# V* T% U+ F7 w8 Y
B. decrease 2 b& b1 m- a5 r6 a% p
C. remain constant ' h# U/ m9 |4 k
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( r0 y, Z; {* N3 y5 `* s0 q5. First degree price discrimination is best described as pricing that allows producers to increase their economic profit while consumer surplus: 7 r; T/ Z8 |% t( ?4 k3 [4 L1 A
A. increase " K7 J1 E1 {4 X! i2 P6 x; c
B. decrease {! t o) @3 N2 C; W8 n
C. is eliminated ' V( U# b, U& r+ p7 ^
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