Stackelberg Model in Oligopoly Market：strategy.while the follower earns less.

Market Structure：and monopoly.:Perfect,competition,capital.differentiation.market.change.

Foreign Exchange Market Participants：i.e.;buy FX products from the sell-side banks.:all other banks.

Identification of Market Structure – HHI：HHI does not take the possibility of entry into account:[PracticeThe three-firm Herfindahl–Hirschmann Index is 0.352 + 0.252 + 0.202 = 0.225.Notemuch higher than 0.225.

Identification of Market Structure – Concentration Ratio：the sum of the market;Advantage:simple to:The industry’sfour-companyconcentration ratiois closest to150300 + 250 + 200 + 150 + 100 + 50 = 9001050 = 86%.

Identification of Market Structure – Econometric Method：Estimate the elasticityof demand and supply.;cross-sectional

Open market operations：rate for these reserves.

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

Analysis of Market Structure：2 The degree of product differentiation;4 The relative strength of the barriers to market entry and exit:monopoly.A[PracticeC.B

What are the responsibilities of the members in reference to the CFA Institute?：Once accepted as a member:每年交述職報告和年費but must not over promise the competency and future investment results.Case

What aspect is loyalty embodied?：Should abstain from independent competitive activity that could conflict with the interests of their employer.:（從事獨立業務需要向雇主披露并獲得雇主同意）:Misappropriation of trade secrets（盜竊交易秘密）

What's the meaning of “market manipulation”?：distort prices or artificially inflate trading volume （扭曲價格、虛增交易量）:with the intent tomisleadmarket participants. （目的是誤導投資者）:如果達到一定的交易量可以減少傭金如果這種利益歸屬于客戶且披露了沒有違反市場操縱準則）