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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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CFA Level I：Economics - The Firm and Market Structures 精选题和学习要点
5 z9 y# o8 @1 _0 U8 vLearning Outcome Statements (LOS) 2 ~( J( w, N% R" P
a Describe the characteristics of perfect competition, monopolistic competition, oligopoly, and pure monopoly; ( F: g, ]8 E, t' d- N: K; n
b Explain the relationships between price, marginal revenue, marginal cost, economic profit, and the elasticity of demand under each market structure;
( D% Q9 O/ o0 L- i) i1 r2 A( Ac Describe the firm’s supply function under each market structure;
, ?$ ]4 X' x# t3 |d Describe and determine the optimal price and output for firms under each market structure;
+ `0 x1 c& _# \1 e- P8 {e Explain factors affecting long-run equilibrium under each market structure;
% {/ @9 u! n% L! ^' hf Describe pricing strategy under each market structure;
1 K2 m: H8 X4 e& ]+ a# d! Kg Describe the use and limitations of concentration measures in identifying;
* D+ \+ m `6 Y# _5 dh Identify the type of market structure a firm is operating within;3 P$ F3 f7 i* M# W
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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: [0 P, _7 H; n. ?$ U" Q8 s" _
A. an oligopoly
5 m- \, Z; ^/ c9 M( |B. perfect competition % c/ ~. ?' A% h' D0 g
C. monopolistic competition 6 o0 b2 i! p! j4 M
登录回复后可见：答案和详解0 G2 v4 p% ]4 @
9 g7 c/ c+ i& j# H0 yAnswer：B! ^6 r% [( |6 x: S2 J6 T6 b4 s) d
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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:
7 J" B9 {; A. Y7 C, {) yA. a monopoly a$ X5 T# u* c
B. perfect competition % m! |" v. a: i4 X8 D+ B, ~: y* R
C. monopolistic competition 6 a' b0 B- @7 v
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3. The least likely reason why a firm in perfect competition is a price taker is because:. c+ \4 x. R3 q% ]5 z& N6 j. a
A. buyers are well informed about prices of other firms
/ \/ A- r$ ~. R- G1 T8 K8 g- ^B. it can set its product’s price at or above the market price
( r! F3 z& `# [9 ~6 `, c) k+ k% LC. 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:+ w! r C" \+ _4 x( z8 i+ V; d: b
A. increase
. X* Z/ f3 @ a" \( n$ R% @B. decrease 7 O3 T* O% `. g, J7 ]
C. remain constant , N @( h' t* C, j) N8 t
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/ k# V+ [2 i4 o1 G; _5. First degree price discrimination is best described as pricing that allows producers to increase their economic profit while consumer surplus: , m8 v$ J$ m4 U6 T6 J' D
A. increase - O6 X* ]- k6 ~& d: w% f
B. decrease
' q$ f5 `$ l+ @" b( B0 xC. is eliminated
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" N1 H6 f3 h+ M+ A7 i更多CFA习题可关注：高顿CFA题库.
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