1)Microsoft faces very little competition from other firms for its Windows software

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1)Microsoft faces very little competition from other firms for its Windows software. Why isn't the price of the software $1,000 per copy?

a. Because the government would not allow such a high price,

b. Because stockholders would not allow such a high price,

c. Because the company would sell so few copies that they would earn higher profits by selling at a lower price,

d. All of the above are correct.

2)For a monopoly, the supply curve is a portion of its:

a. Marginal revenue curve,

b. Marginal cost curve,

c. Average total cost curve,

d. None of the above are correct, a monopoly does not have a supply curve.