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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+ m$ P& [1 t; i' y" S- @- x( U
Learning Outcome Statements (LOS)
0 O7 X" w7 }& x. ~4 `& p/ g" {a Describe the characteristics of perfect competition, monopolistic competition, oligopoly, and pure monopoly;
$ [3 L3 i+ w/ }$ P& ]b Explain the relationships between price, marginal revenue, marginal cost, economic profit, and the elasticity of demand under each market structure;
/ ?5 ?" A9 ^& @' w# K9 h$ |c Describe the firm’s supply function under each market structure; % D- I1 _& g# N$ X' t
d Describe and determine the optimal price and output for firms under each market structure;
( W- {- H$ Y, ?" M3 }e Explain factors affecting long-run equilibrium under each market structure;
! S2 q: e8 E( w! C9 bf Describe pricing strategy under each market structure;
1 _& [. N; ?5 v4 R# og Describe the use and limitations of concentration measures in identifying;
4 t: u: e! U) c* `h Identify the type of market structure a firm is operating within;
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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:
$ k$ R- E9 C+ |A. an oligopoly
+ \ N- q& \4 I* O5 p2 QB. perfect competition / |/ |, G; m0 _0 M! U- _
C. monopolistic competition 9 r- W0 {+ S( G) f- l
登录回复后可见：答案和详解
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7 r5 z, t) l( a1 c& B. NAnswer：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:
$ i% A3 i+ j, d' sA. a monopoly 3 |, ~5 p7 U8 k: \0 N
B. perfect competition # }% h: @5 |! E& p! {
C. monopolistic competition
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3. The least likely reason why a firm in perfect competition is a price taker is because:
% S1 s% @) ]& |0 s% U; h9 a; eA. buyers are well informed about prices of other firms
) v" Q. |( r3 D0 Y. W7 MB. it can set its product’s price at or above the market price
' [% p0 P% l6 W* h/ [0 N* iC. it produces a very small portion of the total output of a particular good / q- ?6 c" x/ M% n4 A! z2 H8 o
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4. For a firm in perfect competition, as output increases the marginal revenue will most likely:4 d( I( P' i4 d7 H1 \
A. increase5 F- v1 L: _4 H; ?. \( X& Q7 ^) {
B. decrease
: }+ p8 R2 x4 g! T# }, _7 L2 mC. remain constant ( L9 }* I1 Q: b" n: K. ~* ]0 }
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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: : d* v5 u% t! F5 q+ h
A. increase
/ l/ K: H. x4 l% J; nB. decrease
* w M7 _: e0 K( v AC. is eliminated
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