Which of the following statements is (or are) correct? a. Microsoft is operating where MR=MC b. Microsoft’s profits (producer surplus) is higher than it would be if it operated where P=MC c. Microsoft’s profits per dollar of sales are higher than the profits per dollar of sales of the average American corporation d. Only (a) and (b) are correct e. Answers (a), (b), and (c) are all correct.

Which statement describes a monopoly? many firms produce identical products with no control over the market price. many firms produce differentiated products with control over market price. a single firm produces a product with no close substitutes and control over the market price. a single firm produces a product with many close substitutes and limited control over the market price.

Which of the following is a reason why it is important for students to study strategy and the strategic management process? answers: studying strategy and the strategic management process can give students tools to evaluate the strategies of firms that may employ them.it can be very important to a new hire's career success to understand the strategies of the firm that hired them and their place in implementing these strategies.while strategic choices are generally limited to very experienced senior managers in large organizations, in smaller and entrepreneurial firms many employees end up being involved in the strategic management process.all of these.

You decided to charge $100 for your new computer game, but people are not buying it. what could you do to encourage people to buy your game?