What will be answers of the following questions. I need just answer no explanation needed
Question 16 5 points Save Ar Which of the following statements is false? Competitive markets usually promote the efficient use of resources because resource owners bear the wealth effects of their decisions. Competitive markets usually promote the efficient use of resources because managers usually have the proper incentives to make decisions. Managers usually promote the efficient use of resources because most companies have efficient organizational structures and incentive systems. D All statements are false. Qustion 17 5 pain! Which of the following statements is false? Having market power is only one way for companies to capture value in an industry. There are other ways to capture value besides '42 having market power. Companies without market power in an industry can capture value if they have inputs that make them more productive than their '1 competitors. ' ' It is usually relatively easy for companies to capture value in an industry when the number of competitors in this industry is small. ' ,' The likelihood of capturing value for firms decreases as market power increases. Qustion 18 In game theory, a cooperative outcome in noncooperative games is less likely if: U long run gains are lower than short run gains. U players expect the market relationship to be repeated many times and last only for a long period time. U long run gains are greater than short run gains. L y it is difficult for a firm to monitor the outcomes from the other firm's defection. Questlon 19 5 points 55 Decentralizing decision rights links authority with local knowledge. However, a problem that may arise from decentralization is that: J knowledge at the local level may allow managers at the local level to make pricing decisions for example based on local needs. Q insufficient incentives at the local level may lead local managers to behave in ways that do not maximize the value of the company. Q managers at the local level may conserve central management's time and effort. 5, knowledge at local level may prevent local managers to tailor business decisions to local needs. Question 20 Company ABC has a strictly dominant strategy if it is in a position to choose: a winning strategy regardless of what its competitor does. L. a winning strategy only after knowing its competitor 's decision. Q a winning strategy that is identical to its competitor's winning strategy. '5', a winning strategy that can be repeated at least twice