The Vuvuza Corporation currently has 10 million shares of stock outstanding, the stock is trading for $42 per share, and its stock of capital goods is valued at $70 million. The Tobin's q value for the Vuvuza Corporation is

Which of the following best explains why the monopolist's marginal revenue is less than the sales price?

a. To sell more units, the monopolist must reduce price on all units sold. b. As the monopolist expands output, the average total cost will decline. c. The monopolist charges each consumer the highest possible price. d. When a firm has a monopoly, consumers have no choice other than to pay the price set by the monopolist.

In a small numbers environment, ________ is a useful managerial tool for considering rivals' or competitors' responses to decision making.

A. game theory B. risk sharing theory C. competitive market theory D. intrafirm strategy