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CFA Level 1 Economics
·
Module 4
Market Structures: Perfect and Monopolistic Competition
1
Perfect Competition: Characteristics
Identify the characteristics of a perfectly competitive market.
2
Profit Maximization and Shutdown in Perfect Competition
Determine the short-run profit-maximizing output and shutdown decision for a perfectly competitive firm.
3
Perfect Competition: Long-Run Equilibrium
Describe long-run equilibrium in a perfectly competitive market.
4
Monopolistic Competition: Key Characteristics
Identify the characteristics of a monopolistically competitive market.
5
Product Differentiation: Demand and Pricing Power
Explain how product differentiation affects a firm's demand curve and pricing power.
6
Monopolistic Competition: Profit Maximization
Determine the short-run profit-maximizing output and price for a firm in monopolistic competition.
7
Monopolistic Competition: Long-Run Equilibrium
Describe the long-run equilibrium in monopolistic competition.
Previous module
The Firm: Production and Costs
Next module
Market Structures: Monopoly and Oligopoly