CFA Level I:Economics - The Firm and Market Structures 学习要点和习题精选
Learning Outcome Statements (LOS)
a Describe the characteristics of perfect competition, monopolistic competition, oligopoly, and pure monopoly;
b Explain the relationships between price, marginal revenue, marginal cost, economic profit, and the elasticity of demand under each market structure;
c Describe the firm’s supply function under each market structure;
d Describe and determine the optimal price and output for firms under each market structure;
e Explain factors affecting long-run equilibrium under each market structure;
f Describe pricing strategy under each market structure;
g Describe the use and limitations of concentration measures in identifying;
h Identify the type of market structure a firm is operating within; |