Please answer the true/false questions below and state the reasons 1. A monopolist can charge prices without limitations as there is no competition for the product or service the monopolist produces. 2. For a company operating in a perfectly competitive market, cost information affects the pricing decisions of the company. 3. Fluctuations in exchange rates between different countries' currencies affect the costs and pricing decisions of a company. 4. If the U.S dollar strengthens against the Japanese Yen, Japanese producers selling goods in U.S markets will have to increase the prices of products to recover the extra cost arising from currency fluctuation. 5. The value customers place on a product and the prices charged for competing products affect demand and the cost of producing and delivering the product affect supply