The Firm and Market Structures (2023 Level I CFA® Exam – Economics – Module 2)

Understand Firm and Market Structures for the CFA Level I Economics module in this comprehensive video lesson by AnalystPrep. Learn how to identify, analyze, and differentiate between perfect competition, monopolistic competition, oligopoly, and pure monopoly. You’ll learn to: Describe the characteristics of different market structures Explain the relationships between price, marginal revenue, marginal cost, and profit Identify a firm’s supply function and determine its optimal price and output Discuss pricing strategies and factors affecting long-run equilibrium Use and interpret concentration measures like the Herfindahl-Hirschman Index (HHI) Continue your CFA preparation: Level I CFA® Program Video Lessons offered by AnalystPrep For All of the Videos (60 Readings), plus Level I Study Notes, Practice Questions, and Mock Exams: https://analystprep.com/shop/cfa-leve... Topic 2 – Economics Module 2 – The Firm and Market Structures 0:00 Introduction and Learning Outcome Statements 1:03 LOS: describe characteristics of perfect competition, monopolistic competition, oligopoly, and pure monopoly 11:40 LOS: explain relationships between price, marginal revenue, marginal cost, economic profit, and the elasticity of demand under each market structure 18:37 LOS: describe a firm’s supply function under each market structure 21:07 LOS: describe and determine the optimal price and output for firms under each market structure 24:29 LOS: explain factors affecting long-run equilibrium under each market structure 27:58 LOS: describe pricing strategy under each market structure 28:44 LOS: describe the use and limitations of concentration measures in identifying market structure 31:29 LOS: identify the type of market structure within which a firm operates #CFAExam #Economics #MarketStructures #CFALevel1 #AnalystPrep #Microeconomics #PerfectCompetition #Oligopoly #Monopoly #FinancialEducation