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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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CFA Level I：Economics - The Firm and Market Structures 精选题和学习要点
, J- C/ y. e3 G# \. f2 bLearning Outcome Statements (LOS)
# v' l4 M. |; R! ^a Describe the characteristics of perfect competition, monopolistic competition, oligopoly, and pure monopoly;
: f" N% u2 P* r$ B7 ^3 F0 Hb Explain the relationships between price, marginal revenue, marginal cost, economic profit, and the elasticity of demand under each market structure;
! k" d3 x3 |8 e& t) o4 Jc Describe the firm’s supply function under each market structure;
/ I4 J+ d7 _. y/ L; Q- G. v9 Fd Describe and determine the optimal price and output for firms under each market structure;* N. R7 g# A, l, b& `
e Explain factors affecting long-run equilibrium under each market structure;
- ?& U0 P& d, S% @f Describe pricing strategy under each market structure;
! z8 {+ s( o5 \8 n* u6 C: J8 ]g Describe the use and limitations of concentration measures in identifying;
. n6 e9 ?+ W: g( T* Eh Identify the type of market structure a firm is operating within;# [8 B) a9 T( W/ _' \: ^
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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: * R: n+ W4 J3 r b' D2 [
A. an oligopoly
# d# n8 Q+ x, j- VB. perfect competition ' q. N3 Z9 `* l$ E# x7 F
C. monopolistic competition
* ~! x( O6 k) U" d/ e5 p+ D登录回复后可见：答案和详解, ]6 q! `3 _( V+ [
: \, Y0 R0 O+ W' w1 o- iAnswer：B \5 _3 J! X3 }0 ^: O6 G- q0 s
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4 ]/ J) T0 F4 v0 f2. 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: 2 E% B6 X) w( D
A. a monopoly 0 H4 n+ X( \' s2 j+ H2 Z
B. perfect competition ' _. M& j7 p/ {* h2 E% B& S
C. monopolistic competition , p& a9 N4 F% c1 w6 Z6 {
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" _5 e& ~- [. f' P& Q) W3. The least likely reason why a firm in perfect competition is a price taker is because:
8 Y; Y8 D+ J7 Z+ j) [/ s2 t" jA. buyers are well informed about prices of other firms
$ Y8 o$ d- ?) C/ MB. it can set its product’s price at or above the market price & U- a) c/ N0 v/ {% {
C. it produces a very small portion of the total output of a particular good
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a8 q" K0 ]7 k: s2 ^9 w7 `, I4. For a firm in perfect competition, as output increases the marginal revenue will most likely:4 _# A& B; k* g) k& w6 {# N6 Z
A. increase- t4 B0 G) P; b1 w& |
B. decrease % o( ^& q3 I: M" l0 E v. J% M
C. remain constant
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) a0 K. S" M$ d1 R8 {5. First degree price discrimination is best described as pricing that allows producers to increase their economic profit while consumer surplus: ) p* n5 p Y0 I( Z; N
A. increase
- I5 t( g& C' x; a9 SB. decrease
( x" O/ N% T* |: o* j+ AC. is eliminated 9 b# P: [6 r: i) Y6 R
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A1 M. v4 A; ?更多CFA习题可关注：高顿CFA题库.
6 U4 p `8 ~6 o; f# [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！% ^) Q. \7 n2 h9 G+ E) y
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