Microsoft hires marketing and sales specialists to decide what prices it should set for its products, whereas a wealthy wheat farmer in Saskatchewan, who sells his output in the world commodity market, does not.Why is this so?
A)because Microsoft is large enough to hire the best people in the field
B)because Microsoft could potentially lose sales if it sets prices indiscriminately
C)because the wealthy wheat farmer is a price taker who chooses his optimal output independently of market price but Microsoft's optimal output depends on the price it selects
D)because unlike Microsoft, the wealthy wheat farmer is probably a monopolist

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The Answer of Microsoft hires marketing and sales specialists to decide what prices it should set for its products, whereas a wealthy wheat farmer in Saskatchewan, who sells his output in the world commodity market, does not.Why is this so?
A)because Microsoft is large enough to hire the best people in the field
B)because Microsoft could potentially lose sales if it sets prices indiscriminately
C)because the wealthy wheat farmer is a price taker who chooses his optimal output independently of market price but Microsoft's optimal output depends on the price it selects
D)because unlike Microsoft, the wealthy wheat farmer is probably a monopolist

Microsoft Hires Marketing and Sales Specialists to Decide What Prices