For each of the following statements concerning the role of strategic thinking in management decisions, explain whether the statement is true or false.
a. “Managers of firms operating in perfectly competitive markets need to ‘get into the heads’ of rival managers to make more profitable decisions.”
b. “Strategic thinking by managers in oligopolistic industries promotes rational decision making, which will increase total industry profit.”
c. “Despite the interdependent nature of profits, oligopoly managers have the same goal as perfect competitors, monopolists, and monopolistic competitors.”