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本帖最后由 一起学CFA 于 2016-1-26 10:28 编辑 * ~4 N$ j/ ~) I Z( @, j j
8 T1 y( S* C- Z* S7 O8 G1 w; ^CFA Level I:Economics - The Firm and Market Structures 精选题和学习要点
; U1 t' ?: E$ p* Q" y, `Learning Outcome Statements (LOS)
% O1 F. w+ i" p9 t5 Ga Describe the characteristics of perfect competition, monopolistic competition, oligopoly, and pure monopoly; 2 s" t) d0 y& d4 e5 P
b Explain the relationships between price, marginal revenue, marginal cost, economic profit, and the elasticity of demand under each market structure; . U9 P" Q% n7 b
c Describe the firm’s supply function under each market structure; ( l+ ]" {% d& A) d
d Describe and determine the optimal price and output for firms under each market structure;
* f. P2 ]0 u9 H& v+ ae Explain factors affecting long-run equilibrium under each market structure; ' D! \0 s! V+ a8 K
f Describe pricing strategy under each market structure; - I" |' p- M1 H
g Describe the use and limitations of concentration measures in identifying;
0 f" d2 b% V1 ~. m, z4 ?" Ch Identify the type of market structure a firm is operating within;
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' O* \! ]( Z0 P' m7 {% u+ @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: 2 n7 ~7 j, s' Z; ^! s) }+ L
A. an oligopoly
% {' i, r/ o2 U8 UB. perfect competition 3 d: |# \" Z: G3 G- A
C. monopolistic competition 4 e) e+ Y( a3 t2 |& s
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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:
: Q/ B' R/ h* m9 P5 dA. a monopoly : _! Q1 O: U* F8 `0 e# k
B. perfect competition
; m1 M/ H3 P1 b6 K4 `2 x1 ?, KC. monopolistic competition 8 f; m+ @' M* C+ Y8 U
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3. The least likely reason why a firm in perfect competition is a price taker is because:
* X# z* S" k4 a- d5 ~% rA. buyers are well informed about prices of other firms 8 R$ _( k" v, y9 ?$ g8 N U
B. it can set its product’s price at or above the market price
4 K. P% a2 y) y/ }* w4 b' P3 b2 FC. it produces a very small portion of the total output of a particular good ; }2 ~; H' D. j R5 t& ~& S
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4. For a firm in perfect competition, as output increases the marginal revenue will most likely:6 a( T8 ]2 D$ u3 [ u" B( l
A. increase: F& B& ~' ]& I3 [0 B# ?
B. decrease ! h& F: k- y, ~$ h: C# L* P
C. remain constant - Y) K/ K$ f2 k
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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: 2 [- G3 ]+ K8 c" D/ R" }
A. increase - N6 G9 [8 R% `6 f/ C! B) e
B. decrease
3 c5 a$ h. X; M* f0 E: {& rC. is eliminated
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