b. For each of the following statements concerning the role of strategic thinking in management decisions, explain whether the statement is true or false. (1. \"When the managers of every rm in an oligopoly industry think strategically in making their pricing decisions, then prices will be set in a way that maximizes the total prots earned in the industry.\" \"Managers of rms operating in oligopoly markets need to 'get into the heads' of rival managers in order to make decisions that will harm their rivals\" prots.\" \"When prots of rival rms are interdependent, each rm is forced to predict correctly how rival rms will behave in order to make the most protable decisions for themselves.\" \"In simultaneous decision games with common knowledge, all players know the actions that will be taken by all the other players when they make their individual decisions.\