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本帖最后由 一起学CFA 于 2016-1-26 10:28 编辑 " J5 `7 C$ Q: y ?* [
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CFA Level I:Economics - The Firm and Market Structures 精选题和学习要点! @, Z9 G5 @6 C5 p0 ^: A4 A
Learning Outcome Statements (LOS)
]5 C5 s) D+ Ja Describe the characteristics of perfect competition, monopolistic competition, oligopoly, and pure monopoly; . ~& P9 ?5 Q( v5 ~9 ~
b Explain the relationships between price, marginal revenue, marginal cost, economic profit, and the elasticity of demand under each market structure;
. V$ j; i# D) r# M6 V8 a0 m' wc Describe the firm’s supply function under each market structure; , Q1 f$ i* N1 f% d- y- z& H3 P9 R
d Describe and determine the optimal price and output for firms under each market structure;
5 C7 k2 ]. p/ _4 ze Explain factors affecting long-run equilibrium under each market structure;
S7 i2 [; \! |7 a1 e0 k) sf Describe pricing strategy under each market structure; ! i" R; j3 B6 O( M
g Describe the use and limitations of concentration measures in identifying;
5 k( `6 F, _4 L Qh Identify the type of market structure a firm is operating within;/ e r( z% h, s& R+ V; L
3 l% t/ R2 g0 G5 \! _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: : D: f0 Z+ s9 d- p1 z1 N$ {
A. an oligopoly
$ @$ z% F, z6 `* H' D( M FB. perfect competition
+ v4 O- @" a$ \, qC. monopolistic competition
- e% N1 t, P" u( Q登录回复后可见:答案和详解
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Answer:B1 t' T9 _# N% V5 j' X* W5 m& _
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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:
, c- B0 S9 V' c( S% ~3 pA. a monopoly 1 Q4 O) y$ v+ ]; {. |; L: h0 r+ h
B. perfect competition 4 O3 `/ p$ B c# D5 C
C. monopolistic competition * X& b) }* p4 b3 x
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& O# U5 H4 R& P7 a6 t3. The least likely reason why a firm in perfect competition is a price taker is because:
4 a1 O$ W0 Z2 l- ?A. buyers are well informed about prices of other firms ) A. T) v. w) ?8 Y# m( M
B. it can set its product’s price at or above the market price ; v/ |2 Q4 r0 t- ~6 d# w1 v
C. it produces a very small portion of the total output of a particular good
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; m; |; y- J, x0 r9 E' f4. For a firm in perfect competition, as output increases the marginal revenue will most likely:+ c) O- l' d" P5 i* j
A. increase
- ?2 B, Q( \5 e% F3 mB. decrease - D3 d8 b# Y- R0 F
C. remain constant
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+ c0 V! n$ W( d3 f V; w& e: h5. First degree price discrimination is best described as pricing that allows producers to increase their economic profit while consumer surplus:
: v7 Y: ^% D6 m/ [5 e. B. j v+ lA. increase
' G& g, X. P1 K5 E! ~; cB. decrease / z. @2 k( Z. V) p1 B
C. is eliminated ) d& a% n: y+ q- A, C l1 U& @5 b
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