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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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* ]/ K8 _* U$ X u7 S/ m8 oCFA Level I：Economics - The Firm and Market Structures 精选题和学习要点5 `' V) i& e1 g/ f" _" S2 w. o4 z0 S d
Learning Outcome Statements (LOS)
3 [ w6 i* x y: p9 d# T" Q, j% N% }# da Describe the characteristics of perfect competition, monopolistic competition, oligopoly, and pure monopoly;
) | t+ z$ f8 m- `2 X# ?$ Sb Explain the relationships between price, marginal revenue, marginal cost, economic profit, and the elasticity of demand under each market structure;
$ t- C' h; o. F, {: ~c Describe the firm’s supply function under each market structure;
; m0 z) i* ?; _1 I/ V2 Xd Describe and determine the optimal price and output for firms under each market structure;/ D' L; @( A1 z4 |7 P% j
e Explain factors affecting long-run equilibrium under each market structure; ) t$ p* s2 H& W1 K8 i8 ]! R
f Describe pricing strategy under each market structure;
5 }2 m* I5 K$ E; Z+ a' g% Wg Describe the use and limitations of concentration measures in identifying; ( a& C7 `! I: V! V' g+ |5 H
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:
- y7 l1 u# b: U& P5 f: IA. an oligopoly ' W! U9 C- i% c3 D0 N
B. perfect competition
) Q: X' D, l6 k: t& JC. monopolistic competition
# X. q9 s, l: x- K2 \, B0 N登录回复后可见：答案和详解
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0 J5 F, y0 l( X. i6 }) WAnswer：B
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% |' w0 P/ c7 g5 K @# v6 O z2. 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:
: D/ f. Z6 B# ~4 r1 _: l8 P- tA. a monopoly
: f! h3 l! n1 RB. perfect competition
$ Q) c9 h/ p% v) `2 }C. monopolistic competition
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3 g. k* p2 R( F7 S: E* n) j T3. The least likely reason why a firm in perfect competition is a price taker is because:7 \$ m" j0 Y' z) a5 A F: M- F M
A. buyers are well informed about prices of other firms
4 W; o6 T- J/ A* ]- AB. it can set its product’s price at or above the market price 3 D! [0 B/ O1 J0 K! n, J
C. it produces a very small portion of the total output of a particular good
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' m( k5 ]7 M4 P4. For a firm in perfect competition, as output increases the marginal revenue will most likely:
( F$ d B2 E7 x, e& Q: D& ^A. increase4 k/ d2 f9 K2 }; n" e
B. decrease 7 m# ?* v1 a; ^9 n$ x' A
C. remain constant
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6 y S2 q% [5 d1 y9 ]5. First degree price discrimination is best described as pricing that allows producers to increase their economic profit while consumer surplus:
3 p" Y; q7 e! [' ~% b# R2 K" ^4 f$ S# qA. increase
% T, A" C9 p/ c/ M/ S, C' w- eB. decrease 7 q8 B! F1 {9 X+ g r- \" X' a( m% W) A
C. is eliminated
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