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本帖最后由 一起学CFA 于 2016-1-26 10:28 编辑 : W# D+ C( [; |! o
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CFA Level I：Economics - The Firm and Market Structures 精选题和学习要点# g; Q2 j" p6 l9 ], x$ K8 @0 k
Learning Outcome Statements (LOS) ! ^+ i/ i. v1 t: |2 E# ]- J
a Describe the characteristics of perfect competition, monopolistic competition, oligopoly, and pure monopoly; 6 u) z. Y- {3 a+ s, T, z. f' ~
b Explain the relationships between price, marginal revenue, marginal cost, economic profit, and the elasticity of demand under each market structure; 9 ^2 j) s$ l) ^+ V' m4 U
c Describe the firm’s supply function under each market structure;
2 Y& I# a, K; M4 Hd Describe and determine the optimal price and output for firms under each market structure;; m+ C% P7 P2 f/ S, i; \
e Explain factors affecting long-run equilibrium under each market structure; ! \" S" Q) f8 i7 `
f Describe pricing strategy under each market structure;
) y5 {. C0 q/ ~7 f- S( t1 ug Describe the use and limitations of concentration measures in identifying; $ o' F" E% M- }% `! l3 ^
h Identify the type of market structure a firm is operating within;
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- w2 {- q; T3 H8 Y5 q0 W' S1. 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: 1 J: Y- ?, g) F# C6 T u
A. an oligopoly ; _$ H- A6 `+ z, y9 ~% z
B. perfect competition : H" C7 ^7 g2 Z: g6 _# G; y0 K3 t
C. monopolistic competition }5 {- X7 U7 u
登录回复后可见：答案和详解' B6 H. L; u3 U1 G# v
. \' _: _. |5 ?% J, u) k& ^& ?Answer：B
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, e, }0 T; [: h8 y; C0 j& k7 h2. 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:
, l6 N: |% o6 }$ C x( r/ A9 CA. a monopoly
3 w t3 `5 D$ w7 d: K5 ]B. perfect competition
5 ]2 k9 L3 y) B4 }* {7 AC. monopolistic competition
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. a& _3 ?- F' w" k$ P: m3. The least likely reason why a firm in perfect competition is a price taker is because:
& c* [ O: I2 J$ V& ~7 QA. buyers are well informed about prices of other firms
) A; H7 U; i1 s) E* o: P* ~B. it can set its product’s price at or above the market price 1 c1 Y) i. a* y1 G+ s
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:
, O. a, h6 j( w# C: RA. increase$ l4 \$ A/ F C+ n: ? L4 ], h
B. decrease 6 y' `1 D/ b/ S; M# y; F" m
C. remain constant 5 E0 m$ o; ]. w
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% l D% d1 I7 A# _. ]: m+ j' K0 [5. First degree price discrimination is best described as pricing that allows producers to increase their economic profit while consumer surplus: 6 z9 l$ y" s" ], b2 q* p
A. increase
9 a0 y' k! @) CB. decrease
U+ M: l# P+ TC. is eliminated # ^7 k6 ?) p ]. N' V3 _
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