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本帖最后由 一起学CFA 于 2016-1-26 10:28 编辑 ; ]# P2 c0 N' k8 M% y
! \8 c) V1 A* p/ U0 d/ k% r4 vCFA Level I：Economics - The Firm and Market Structures 精选题和学习要点6 ?3 F- @ H$ `8 F
Learning Outcome Statements (LOS)
$ \4 D6 M, \/ E7 I. A9 ^6 g; ga Describe the characteristics of perfect competition, monopolistic competition, oligopoly, and pure monopoly;
3 X/ W" Z$ g% Y- X7 r, b& z1 A( I5 Ab Explain the relationships between price, marginal revenue, marginal cost, economic profit, and the elasticity of demand under each market structure; - }( Q) R: H" A \: R
c Describe the firm’s supply function under each market structure; ) Y0 c- ^% e4 o* l5 H
d Describe and determine the optimal price and output for firms under each market structure;
) Z' K% r+ m+ G8 }% L D& Le Explain factors affecting long-run equilibrium under each market structure;
% P( _: m1 L: c: [f Describe pricing strategy under each market structure; 7 U2 h+ t; w1 {/ }7 q
g Describe the use and limitations of concentration measures in identifying; : i( [" V G( N3 s# b3 U: s( Q
h Identify the type of market structure a firm is operating within;2 I! g' l9 I( ?) g. \
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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: 4 H7 |) c) p& I! D! V% m
A. an oligopoly 3 @8 R$ O) ]2 v: r! n
B. perfect competition
8 a4 K/ _% t7 ^: LC. monopolistic competition
5 ?. B( Q: H+ ?: H6 l( B登录回复后可见：答案和详解
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& y \' c, [& G/ h( L" X+ F+ X( YAnswer：B
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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: . y' m1 T' A( X
A. a monopoly
( t7 z2 u: J' P) q/ I& WB. perfect competition
/ {6 r, M# a' e5 W: vC. monopolistic competition ; V2 l* P: C' R s8 B8 S! M; }7 @% z
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3 m$ K F. O( b3. The least likely reason why a firm in perfect competition is a price taker is because:& r8 L' Z \8 \4 \" v
A. buyers are well informed about prices of other firms
* Z, ]& p* n. C7 d5 w* g% x5 yB. it can set its product’s price at or above the market price " ~$ @5 G3 U8 _& V1 o3 M/ }
C. it produces a very small portion of the total output of a particular good ' P& @; w2 S% _+ s
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) M( p5 Y" G5 X. B, l& C/ |4. For a firm in perfect competition, as output increases the marginal revenue will most likely:4 O/ A4 j& y# _5 Z8 m; ]3 ?. {
A. increase
, j& L& T. z0 P' iB. decrease ( g2 K9 S* h) i: T' L+ b
C. remain constant
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/ t# h# G0 W% I' n z5. First degree price discrimination is best described as pricing that allows producers to increase their economic profit while consumer surplus: & p/ j' r) c0 K1 q" M
A. increase
# G. B! C7 u. Y/ S2 y4 KB. decrease , n- M6 E) m' k& v- y
C. is eliminated % ]- _' W0 g* r
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