If a firm believes that it is facing a "kinked" demand curve, what assumptions is it making about its rivals' reactions to its own price changes?
#5 Microsoft Corporation has monopoly power. It is a monopoly. Respond to the above statement either agreeing or disagreeing. Your personal opinion is welcome, but use concepts, theory and empirical information presented in the reading and outside research to support your position. #6 If a firm believes that it is faci