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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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% {; p h: s7 e9 K; z/ FCFA Level I：Economics - The Firm and Market Structures 精选题和学习要点( c% b; R0 p0 `) G. {& |8 `
Learning Outcome Statements (LOS) - P/ \, F( o {
a Describe the characteristics of perfect competition, monopolistic competition, oligopoly, and pure monopoly;
8 c1 J* m; d ?" S$ T" h$ p% Wb Explain the relationships between price, marginal revenue, marginal cost, economic profit, and the elasticity of demand under each market structure; ( A: e8 C+ S0 ^) ~
c Describe the firm’s supply function under each market structure; . F& s6 k; y2 r$ q6 y
d Describe and determine the optimal price and output for firms under each market structure;* K. P" t. B' E
e Explain factors affecting long-run equilibrium under each market structure; 5 Z" m5 O, N! ]7 L2 ~% K
f Describe pricing strategy under each market structure; 0 o1 C7 E( o! t- a4 ?% g6 I8 E6 ^
g Describe the use and limitations of concentration measures in identifying; : k: J5 j' i1 H" E0 `
h Identify the type of market structure a firm is operating within;
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1 D. x* z& V" k0 B, F* s1. 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: ; u( ^) c4 {; m) r( z
A. an oligopoly
- j$ {: z$ z7 TB. perfect competition
) H. r$ N6 q+ d( D' I k7 X1 a" PC. monopolistic competition " } D$ j/ r, J3 d
登录回复后可见：答案和详解
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' b: Z5 B X2 r" A* MAnswer：B
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& a. C( Q2 ?9 x& b4 e Q2. 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:
: Q# o* R* o; O) V- a; qA. a monopoly
7 j( J7 {' D5 A* eB. perfect competition ' L5 U2 R- f5 v
C. monopolistic competition , L" l7 y! Z9 C. m
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3. The least likely reason why a firm in perfect competition is a price taker is because:
, m4 T0 W+ A& [8 kA. buyers are well informed about prices of other firms
/ j4 [* v; p# q- @: ~0 ^B. it can set its product’s price at or above the market price , V M6 I! \& L' T% A% X, h
C. it produces a very small portion of the total output of a particular good
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% Y0 ` Z! p3 s2 G! h ^0 X2 W4. For a firm in perfect competition, as output increases the marginal revenue will most likely:
( z7 _3 T; t1 X/ mA. increase
' b6 ` \ t( oB. decrease
7 G) p/ a1 K6 S3 \5 c/ T! Q3 t. TC. remain constant ^# @9 }; d* O# A# s6 E
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0 z4 f3 g7 n% ]0 b5. First degree price discrimination is best described as pricing that allows producers to increase their economic profit while consumer surplus: 5 S% e# j& A, D- e
A. increase T4 T5 A6 K$ O0 m% k0 N9 T
B. decrease 9 [2 ~1 ?$ Z$ _1 K
C. is eliminated
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