Question: Q1 (5 points) Two countries-A and B. Downward-sloping market demand in both. Firm Marginal Cost is upward sloping. The market price in A is higher

Q1 (5 points) Two countries-A and B. Downward-sloping market demand in both. Firm Marginal Cost is upward sloping. The market price in A is higher than in B. Claim: the Marginal Cost in A is higher than in B. Agree, Disagree or It Depends? Explain your reasoning. Keep your responses short and precise. Under 250 words is a good rule of thumb

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