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本帖最后由 一起学CFA 于 2016-1-26 10:28 编辑 3 c( C' c! T; B: }; m
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CFA Level I：Economics - The Firm and Market Structures 精选题和学习要点+ v7 z7 N1 t, ? z/ g
Learning Outcome Statements (LOS) * c/ I# Y4 Q# W: Q( r
a Describe the characteristics of perfect competition, monopolistic competition, oligopoly, and pure monopoly;
4 n& w* l0 |* k. Zb Explain the relationships between price, marginal revenue, marginal cost, economic profit, and the elasticity of demand under each market structure;
% ?/ r% {* b- bc Describe the firm’s supply function under each market structure; 3 Y4 m+ |1 Y/ R$ b6 ]5 f4 o
d Describe and determine the optimal price and output for firms under each market structure;6 P2 M$ U. \7 f+ S* v: K% e( ~: }
e Explain factors affecting long-run equilibrium under each market structure; 9 q% o _: K {/ z
f Describe pricing strategy under each market structure; M9 L5 W2 w. R* _
g Describe the use and limitations of concentration measures in identifying;
6 r7 r# j' ]6 d0 H" A9 T! ]h Identify the type of market structure a firm is operating within;% e, g' G/ B: r; e
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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:
: L j4 v% p( P1 u! G1 |, V) }A. an oligopoly . D4 D ~0 I) k
B. perfect competition
3 H6 m% N" [- i% Q4 _1 w: GC. monopolistic competition # \% @: D- m0 ~! Q [8 v* Q
登录回复后可见：答案和详解# |9 v9 f: |& |$ ^; H5 }# `) @
1 V1 u" G2 v8 _0 g5 cAnswer：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:
: `& s% f% ]3 R1 w1 f: ]& H* i2 jA. a monopoly 8 g4 w- ?6 E2 t B- J# G
B. perfect competition : k+ U/ Y+ f( q7 f
C. monopolistic competition
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3. The least likely reason why a firm in perfect competition is a price taker is because:
: l' q8 }) R: d2 L5 y$ FA. buyers are well informed about prices of other firms 9 J% O4 G& s- j- e o4 g
B. it can set its product’s price at or above the market price
) o6 o& V9 M) l& J# \6 A7 dC. it produces a very small portion of the total output of a particular good 4 \2 p% \ H r0 v5 N
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- {$ x, c6 B5 ^% u+ Z/ w4. For a firm in perfect competition, as output increases the marginal revenue will most likely:
: F8 ?. X1 O" N oA. increase7 I* h0 B& b5 I( C3 b
B. decrease
$ T' l0 t9 E/ [' O- b* w; q. v% `C. remain constant
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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 j" d0 P/ p% P$ C6 fA. increase ; I8 q& [7 @- {# z# O
B. decrease / h, m: A+ q6 d. k
C. is eliminated $ j1 K& R% p6 f
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