Corruption is only present in developing nations

At the current level of production, if the firm's MR>MC, then the firm should

a. produce more b. the company is maximizing profit at this output c. producing less d. None of the above

When a transfer price is set lower

a. the costs of the division using the intermediate product will fall b. the profits of the division using the intermediate product will be unaffected c. the profits of the division using the intermediate product will fall d. the profits of the division using the intermediate product will rise