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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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6 z& H M; b7 pCFA Level I：Economics - The Firm and Market Structures 精选题和学习要点
% }, Z6 B: N9 jLearning Outcome Statements (LOS) 9 E) @- D; h5 ^# X
a Describe the characteristics of perfect competition, monopolistic competition, oligopoly, and pure monopoly;
3 J1 E% N+ n! o2 nb Explain the relationships between price, marginal revenue, marginal cost, economic profit, and the elasticity of demand under each market structure; 5 ], k5 r# V" E( s0 n
c Describe the firm’s supply function under each market structure;
+ J3 H" O. f# V- O4 Fd Describe and determine the optimal price and output for firms under each market structure;, G2 R( ]) H/ l, ?5 V& t' Z0 Q
e Explain factors affecting long-run equilibrium under each market structure; ' E0 l+ S. `, S
f Describe pricing strategy under each market structure;
& A3 x7 e* y1 P3 ?# J5 dg Describe the use and limitations of concentration measures in identifying;
: L- x% d( |7 A1 {' B' }% x7 Jh Identify the type of market structure a firm is operating within;6 {; Q6 Y- y* ~5 _" P3 B( o
& s; e% x6 X4 \% a2 x1. 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:
9 Q: I7 e* `9 W8 b7 {' RA. an oligopoly
~; }% G2 J) \: q- j. S& g# `B. perfect competition . G; _' w9 G& e/ H! z) L( e
C. monopolistic competition Q4 O7 B3 x+ X9 K
登录回复后可见：答案和详解
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* c: _' Z) S" u, W9 j8 OAnswer：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:
1 F' i( f% a& T: P) KA. a monopoly % S4 ^. G* p' L" P+ D- s# `0 }
B. perfect competition
4 l2 x% e/ L1 I4 b& o8 a) [) NC. monopolistic competition % |5 w# q! \7 D5 i
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3. The least likely reason why a firm in perfect competition is a price taker is because:. C; L" p1 [3 P
A. buyers are well informed about prices of other firms
3 c+ u0 W. N. U( n- @B. it can set its product’s price at or above the market price / ?/ j* M+ r. k% i
C. it produces a very small portion of the total output of a particular good # U0 x/ ]4 A7 s; L: M: ]% r
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( X: ^7 N% |6 j4. For a firm in perfect competition, as output increases the marginal revenue will most likely:. U% S, ^, n, g5 Z. V
A. increase
8 h+ q6 F& }7 B& B6 U, v5 rB. decrease
, W; l( Q% b/ V* B( e6 w" _C. remain constant
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( G: z I' |4 N3 H5. First degree price discrimination is best described as pricing that allows producers to increase their economic profit while consumer surplus:
& v$ p, s: l, d3 pA. increase 6 i8 D7 E- x* j( p% b
B. decrease
$ a6 \6 B, K' _1 dC. is eliminated
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