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本帖最后由 一起学CFA 于 2016-1-26 10:28 编辑 + O( ^( x: Z o& J
& [2 ^% g1 x4 l/ ^CFA Level I：Economics - The Firm and Market Structures 精选题和学习要点' B9 ]8 d, f0 q {5 O, W
Learning Outcome Statements (LOS) 3 D+ v* k6 R- }0 e7 |7 w
a Describe the characteristics of perfect competition, monopolistic competition, oligopoly, and pure monopoly;
& ?4 ^8 g8 }, O# B( Ob Explain the relationships between price, marginal revenue, marginal cost, economic profit, and the elasticity of demand under each market structure;
0 l7 U& V+ H9 l7 c: A, Mc Describe the firm’s supply function under each market structure;
: R- c c1 a( R) H3 ?; o! g1 ad Describe and determine the optimal price and output for firms under each market structure;, p8 ~4 E4 X4 J& {
e Explain factors affecting long-run equilibrium under each market structure;
6 ^3 }' U8 b" Q: }' n( Y. |8 Rf Describe pricing strategy under each market structure; : c) ]# i8 T. @$ o4 E# e% p
g Describe the use and limitations of concentration measures in identifying; + r/ B: T' E& F/ v7 |; Y2 ?1 `
h Identify the type of market structure a firm is operating within;2 ^$ a% z/ g% F+ s5 {8 u2 O
$ S+ F) k' m/ X* U; \9 W" 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: - Z% l$ @: z* A3 l3 f: i' q% v
A. an oligopoly " z$ o8 X0 w$ h
B. perfect competition & j% V0 n) S: Q" o' _
C. monopolistic competition
6 h7 T; f! M3 P登录回复后可见：答案和详解- P! C1 S* |2 G4 A
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Answer：B' w+ n: @+ L( C8 x: A& J
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5 j3 j" i9 J- b) P; U, k6 k" }. O2. 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: . f9 y m0 \! p# T8 q
A. a monopoly
% H9 A4 S. C" L6 g; h+ vB. perfect competition ) e3 `& h: F; W8 `2 {$ \; `
C. monopolistic competition + \/ H5 q3 O" T! j/ y; j- j
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3. The least likely reason why a firm in perfect competition is a price taker is because:
. b6 b; }8 W4 n1 u8 e2 h. {A. buyers are well informed about prices of other firms 6 s; ^ T0 @4 l) Z @8 k/ T" x( v
B. it can set its product’s price at or above the market price
9 K0 P, t6 {, u+ [C. it produces a very small portion of the total output of a particular good
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/ O! T& `$ y; ^8 ]8 h- K4. For a firm in perfect competition, as output increases the marginal revenue will most likely:
! f% P7 K7 O( `& I1 v8 r! [0 cA. increase
+ R. b3 t9 g9 x, a/ J6 YB. decrease / I B8 j# S. G% E, M" s0 j _/ @
C. remain constant
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9 |0 i1 z7 K1 L! C+ M' y5. First degree price discrimination is best described as pricing that allows producers to increase their economic profit while consumer surplus:
' c( T, ~7 `7 A* [: mA. increase ) c7 _. {" }+ x. x) J, f, I+ A7 D, b
B. decrease
$ [7 R% S2 e% d( k/ I' A5 PC. is eliminated
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