Long-Run Equilibrium in Perfectly Competitive Markets：Long-Run Equilibrium:Thelong-run:marginal costschedule is the perfectly competitive firm’s:supply curve.:A.The long-run competitiveso new companies will enter the market.

Shifts in Aggregate Supply：In addition;shiftincludingcapitalresourcescapitalproductivity and technology.

Long-Run Equilibrium in Oligopoly Market：the market share of the dominant firm declines.

Shifts in Aggregate Demand：fiscal policy;growth in global economy.

Shifts in Aggregate Demand and Supply：economy associated with the business cycle.

Factors Affecting Long-Run Equilibrium in Monopoly Markets：AffectingLong-Run Equilibrium inMonopoly Markets,protected bysubstantial and ongoing barriersto entry.:2NationalP = LRAC

Demand Analysis in Perfect Competition：Demand Analysis:market-pricing power.demandCross-pricethe two products arecompliments.

Demand Analysis in Monopoly：ARis the same as the market demand schedule.

Cournot Assumption in Oligopoly Market：The Cournot solution falls betweenthe competitive equilibrium and the monopoly solution.

Collusion in Oligopoly Market：reduced cash flow uncertainty:frequency.competition.collusion.

Why members and candidates must make disclosure of all matters ?：and their employer. （所有可能和客戶、潛在客戶、雇主產(chǎn)生利益沖突的事項都要進行披露）Must ensure that such disclosures are prominent,必須披露）The best practice is to assign another to follow up the company.;

Why members and candidates must develop and maintain appropriate records?：actions,Cannot usehistoricalrecommendations or research reports created at the previous firm because the supporting documentation is unavailable. （不能使用以前的推薦或者研究報告,因為沒有支持數(shù)據(jù)）For future use,CFA