Question: How do I solve this? 5. (12 points) Prove or disprove the following statements about rm behavior under imperfect competition. (a). For an increasing marginal

How do I solve this?

5. (12 points) Prove or disprove the following statements about rm behavior under imperfect competition. (a). For an increasing marginal cost curve, it intersects the average cost curve at the minimum of the average variable cost curve and the average non-sunk cost curve. (b). The market power of a monopolist depends on price elasticity of the demand curve

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