2021年注冊金融分析師考試模擬卷（4）.docx

shirking problem.
B. productivity problem.
C. principal-agent problem.
8.Product differentiation is the greatest source of market power for which of the following market structures（）
A. Perfect competition.
B. Oligopoly.
C. Monopolistic competition.
9.If marginal cost is above the average cost, when you produce your next unit:（）










A. average cost will decline.
B. marginal cost will remain unchanged.
C. average cost will increase.
10.Which of the following organizational structures usually has the lowest cost of raising external capital（）
A. Proprietorships.
B. Partnerships.
C. Corporations.
11.The demand for a product tends to be price inelastic if:（）
A. few good complements for the product are available.
B. few good substitutes for the product are available.
C. people spend a large share of their income on the product.
12.Generally speaking, when the Herfindahl-Hirschman Index (HHI) is calculated by summing the squared percentage market shares, how many largest firms data is used in a industry, supposing there is a large number of firms in the industry:（）










A．4
B．10
C．50
13.Which of the following condition is least likely to be the obstacle to the efficient allocation of productive resources:（）
A. Price controls
B. Taxes and trade restrictions
C. Perfect competition
14.If the price of a candy bar increases from $ 0.50 to $ 0.55 and the quantity demanded decreases from 267 to 235, the price elasticity of demand is:（）
A. -1.23.
B. 1.23.
C. -1.34
15.A minimum wage is an example of which of the following（）
A