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. （所有可能和客户、潜在客户、雇主产生利益冲突的事项都要进行披露）Must ensure that such disclosures are prominent,必须披露）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. （不能使用以前的推荐或者研究报告,因为没有支持数据）For future use,CFA