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本帖最后由 一起学CFA 于 2016-1-26 10:28 编辑 # ^# i s2 f* D3 F, N
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CFA Level I:Economics - The Firm and Market Structures 精选题和学习要点* ]! k% V: E5 ]( m: ^
Learning Outcome Statements (LOS) ' E% W) I5 x/ U: F, v" Z) F! O3 S
a Describe the characteristics of perfect competition, monopolistic competition, oligopoly, and pure monopoly;
9 ~* o3 k9 {' G- x! Qb Explain the relationships between price, marginal revenue, marginal cost, economic profit, and the elasticity of demand under each market structure; 9 E( m4 K# J8 U9 ~+ Z* V
c Describe the firm’s supply function under each market structure;
1 Y1 p/ |- R3 |: ~: L+ j1 U3 Cd Describe and determine the optimal price and output for firms under each market structure;
) E& `- \' k8 t" w( q; V; m- we Explain factors affecting long-run equilibrium under each market structure; 0 Y$ q: R+ T3 t, b
f Describe pricing strategy under each market structure; # E" p9 o9 M. n$ `! h( @/ ]
g Describe the use and limitations of concentration measures in identifying; . p4 _+ t( n8 R, X- G
h Identify the type of market structure a firm is operating within;7 T2 W7 {3 `7 s( x% ]+ v( C7 G
; Y) B1 F7 `% S( F+ D" ?, Y4 e- q1. 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: - p4 R7 T7 Z0 m/ z2 {
A. an oligopoly $ I' s- Z& z* c1 U8 j' Q D, D
B. perfect competition + D" i% n/ i8 v
C. monopolistic competition
) H; @2 h* M0 c1 P- l登录回复后可见:答案和详解
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Answer:B" p) ]+ p* [! z' {: L7 K% O3 h
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( J1 B# F7 z) f% o# n2. 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 h3 A' u4 e3 e. J4 G ?- r! eA. a monopoly
! w- e, ?2 N5 P$ R! wB. perfect competition
4 c: u, O0 ~# x4 \6 _3 v+ zC. monopolistic competition 7 d D0 \) b0 k
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3. The least likely reason why a firm in perfect competition is a price taker is because:; R! O% d" `# y# Q3 z
A. buyers are well informed about prices of other firms + k+ r8 q: O# o; @" \( ]
B. it can set its product’s price at or above the market price } P' s2 ^/ Y2 h( a$ _% `
C. it produces a very small portion of the total output of a particular good 1 k, z- B. y F4 t' _/ l
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$ d! v; X- W1 |; h6 _4 l0 L% o4. For a firm in perfect competition, as output increases the marginal revenue will most likely:
' O3 _) C$ b1 ZA. increase
% k6 I+ M+ g- H) m- KB. decrease
4 {' h1 Z6 ~0 u8 ^C. remain constant 1 ?8 V# C+ `4 f; X# i4 U
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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: ) i$ ^& y% c& M: q( ^7 v! F
A. increase S% s/ l! [! g
B. decrease ! _9 C6 M% d0 E& d) \1 k
C. is eliminated
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