Microsoft microsoft netscape $30 free netscape $30 $3 billion / $3 billion $-1 billion / $4 billion netscape free $4 netscape and microsoft can develop their own versions of an amazing new web browser that allows advertisers to target consumers with great precision. the new browser is easier and more fun to use than existing browsers. each browser has the same features and abilities. each firm is trying to decide whether to sell the browser for $30 or give it away free. can you them decide? (2 points microsoft microsoft netscape $30 free netscape $30 $3 billion / $3 billion $-1 billion / $4 billion netscape free $4 billion / $-1 billion $2 billion / $2 billion
a. find the best strategy for each firm and explain why it is the best.
b. what is the economic profit of each firm based on your answer to
a.

Exercise 4-9presented below is information related to martinez corp. for the year 2017.net sales $1,399,500 write-off of inventory due to obsolescence $80,440cost of goods sold 788,200 depreciation expense omitted by accident in 2016 43,600selling expenses 65,800 casualty loss 53,900administrative expenses 53,500 cash dividends declared 43,300dividend revenue 22,100 retained earnings at december 31, 2016 1,042,400interest revenue 7,420 effective tax rate of 34% on all items exercise 4-9 presented below is information relateexercise 4-9 presented below is information relate prepare a multiple-step income statement for 2017. assume that 61,500 shares of common stock are outstanding. (round earnings per share to 2 decimal places, e.g. 1.49.)prepare a separate retained earnings statement for 2017. (list items that increase retained earnings first.)