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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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! k% A2 Y, J) H7 N+ S/ Y. q; VCFA Level I:Economics - The Firm and Market Structures 精选题和学习要点
* G( H6 K8 G8 r2 [( ^( JLearning Outcome Statements (LOS)
* T$ C3 ~; k E/ }4 da Describe the characteristics of perfect competition, monopolistic competition, oligopoly, and pure monopoly; " y" j0 l9 }$ K$ d
b Explain the relationships between price, marginal revenue, marginal cost, economic profit, and the elasticity of demand under each market structure;
- h9 R- n P8 Kc Describe the firm’s supply function under each market structure; : J1 K+ _5 u/ O' |6 C/ t
d Describe and determine the optimal price and output for firms under each market structure;
) _3 _! N9 H: f: P. o/ Fe Explain factors affecting long-run equilibrium under each market structure; ' @, z4 W4 |3 K4 ~) Z8 s6 h
f Describe pricing strategy under each market structure; ( h+ X" n7 e( S- ~
g Describe the use and limitations of concentration measures in identifying;
* L7 T# E$ W- n1 rh Identify the type of market structure a firm is operating within;9 A4 G; x& k {8 Q
) ^0 d$ N7 P5 a' G1. 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:
% m( B! P+ Z" H0 U0 qA. an oligopoly
2 Z$ h F/ |0 h1 x8 V$ zB. perfect competition * A" l C% q' p4 Q2 K& Y
C. monopolistic competition
$ x( m) H( M8 E登录回复后可见:答案和详解
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Answer: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: ' H+ Q0 ~! g# n% Q1 }6 C+ O! g
A. a monopoly
" `$ b2 G* ]- Z a7 P% QB. perfect competition - b, w1 A$ S; q' Q
C. monopolistic competition 5 B+ m% \4 L# g7 I* o
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3. The least likely reason why a firm in perfect competition is a price taker is because:
* R" a/ @9 o5 ^4 gA. buyers are well informed about prices of other firms 7 y0 w' A5 b! w$ G4 t% U: ~0 A1 h9 `- J+ K
B. it can set its product’s price at or above the market price
( v# W9 Y: q4 r; p zC. it produces a very small portion of the total output of a particular good 0 }' q( y, Q( ~! c+ S. H
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! T a4 h4 P- l4 L+ @) Q" A# | Y/ J4. For a firm in perfect competition, as output increases the marginal revenue will most likely:
: O1 _! y; A& N) O) K! a% F1 c5 OA. increase: K3 t% o) G; }. K
B. decrease 2 o3 |* S/ C/ R# \
C. remain constant 2 \/ Y2 s2 `! j7 C0 [
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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: 7 T5 ]2 C/ ?' W, q1 j; V/ N& X/ r+ _
A. increase
& T" B( z$ N$ {2 ^: h4 q6 [7 tB. decrease
8 r ?/ v3 S! _7 a; p2 n7 }. hC. is eliminated & d4 }% a7 g) u$ F! K7 O' y2 {. }
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