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本帖最后由 一起学CFA 于 2016-1-26 10:28 编辑
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u4 a" P. q9 {( n' U& R5 vCFA Level I:Economics - The Firm and Market Structures 精选题和学习要点! i1 {; S. N+ l; D
Learning Outcome Statements (LOS) ! o: B) U# |; B9 D' ?/ T
a Describe the characteristics of perfect competition, monopolistic competition, oligopoly, and pure monopoly;
, [* d( d" X! k9 r7 Ib Explain the relationships between price, marginal revenue, marginal cost, economic profit, and the elasticity of demand under each market structure; , D5 O! ^; J5 S# T# J6 w8 L
c Describe the firm’s supply function under each market structure; 2 H! ^* a4 e% q: l+ F7 s
d Describe and determine the optimal price and output for firms under each market structure;
4 b; J4 _% Q6 ~7 u& j" fe Explain factors affecting long-run equilibrium under each market structure; / W( ?! G* Z2 M" S
f Describe pricing strategy under each market structure;
1 S# w! Z& Q( U, u' og Describe the use and limitations of concentration measures in identifying; % U/ S" L5 |& k% w: f! u4 C
h Identify the type of market structure a firm is operating within;
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, W. p) ?! [6 M' t1. 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:
; { O/ F% p3 s0 X% x1 [* ^A. an oligopoly
$ k, L( e5 Z% _* S; Y+ zB. perfect competition , g/ s- D: |8 {+ T% _
C. monopolistic competition ! ]) {' i. i( c! v+ g
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Answer:B7 @# v% c2 j5 V- i
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+ g" O7 I0 J9 L2. 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:
8 i# n1 N) R7 z# AA. a monopoly
S5 ?3 f+ y5 h' HB. perfect competition 2 K# [4 u3 N) @$ a5 B
C. monopolistic competition 6 _$ p5 ?5 R+ p% d+ x4 t
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. K3 W% L6 h8 ~" Y/ M w0 c. j3. The least likely reason why a firm in perfect competition is a price taker is because:
& N5 t8 K; X8 GA. buyers are well informed about prices of other firms
; @5 m, W" J2 ^B. it can set its product’s price at or above the market price / a3 L! f0 Q; S& ]3 U% Z
C. it produces a very small portion of the total output of a particular good
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8 e4 y" Z! {. }0 d6 M4. For a firm in perfect competition, as output increases the marginal revenue will most likely:9 z# y/ {8 b( ]' b
A. increase8 b2 Z& J! Q0 U( b$ f
B. decrease
0 U. C6 m9 ]3 |; O& T& ?7 HC. remain constant ) h* ?8 h4 G L/ }6 _& z
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' L4 L1 i* W1 C# [- u0 `3 N$ }5. First degree price discrimination is best described as pricing that allows producers to increase their economic profit while consumer surplus:
1 g- [' D7 o, w6 u" pA. increase
6 ~, N; M7 P5 Z9 y& u' g( HB. decrease , Q' J' r1 c0 O' \- V" ~
C. is eliminated
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