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本帖最后由 一起学CFA 于 2016-1-26 10:28 编辑 . J) k2 V4 C- K5 p" P. R8 j, r( e
. k1 K. J& f K, N4 xCFA Level I：Economics - The Firm and Market Structures 精选题和学习要点
7 b' G! K! [) k$ [Learning Outcome Statements (LOS)
% Z, v. f- ]* f. u8 }& aa Describe the characteristics of perfect competition, monopolistic competition, oligopoly, and pure monopoly; 5 Y. F7 s/ g/ B) V: w2 J# p, Y" h4 _
b Explain the relationships between price, marginal revenue, marginal cost, economic profit, and the elasticity of demand under each market structure;
$ \9 _2 {/ R" \; c1 Sc Describe the firm’s supply function under each market structure; " p' L& ^0 |( \; x2 Z# q- j* S' t M
d Describe and determine the optimal price and output for firms under each market structure;5 l" W2 ^, u8 E
e Explain factors affecting long-run equilibrium under each market structure;
- X! Z3 F* K5 ]7 X, \. K( Rf Describe pricing strategy under each market structure; 5 N0 c) V; _2 M0 z1 Y) B2 U
g Describe the use and limitations of concentration measures in identifying; # t# ^/ x7 z- l3 F5 {9 N
h Identify the type of market structure a firm is operating within;" O8 b* g4 G( O
, w o5 {/ W) z1 N' T" r1. 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:
! J0 R9 p, U5 WA. an oligopoly
+ y% y. I1 M$ N8 _1 UB. perfect competition
e; x) Z$ b9 }5 `1 oC. monopolistic competition
4 Z9 r' s: Y0 [' f& w: ^登录回复后可见：答案和详解. r: Q* N+ z, i/ n
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Answer：B( `3 \( ^/ r( u
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1 U( V3 `/ [9 A. W; ?/ x2 K2. 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: + C. S: ]# P( r
A. a monopoly 5 A: B: A5 L/ F- Q+ n" [7 }
B. perfect competition + t# G( h. P- p
C. monopolistic competition
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3. The least likely reason why a firm in perfect competition is a price taker is because:4 T: V8 ^; }* |8 _- A: Q4 U- H
A. buyers are well informed about prices of other firms
1 k8 ~+ ]0 p4 _9 Y- P" H: hB. it can set its product’s price at or above the market price * V; n$ A4 R" k
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:
' @$ ]5 F( W% `8 s4 k! x( wA. increase0 M1 ^% T0 ~( r1 Q, O
B. decrease
* r% C6 V$ c8 l+ y# L( \C. remain constant . Y [9 Q# l i# i$ Q5 N' ?
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5. First degree price discrimination is best described as pricing that allows producers to increase their economic profit while consumer surplus: 5 v% Y* @, P7 ^& H* y
A. increase
: `3 _) g: R, e3 Q& D+ RB. decrease / f6 A0 \- }* w. W. ^, B
C. is eliminated & s3 p7 Q( {; c2 U; T6 X/ m6 u
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