(A).Label the following statement as true, false or uncertain and explain your choice. (i). All members of a resource cartel share a common objective, namely increase prices as much as possible.[2.5 points] (ii). By holding the price lower than they would otherwise be, placing a price control on a depletable resource increases both the speed with which the resource is extracted over time and the cumulative amount ultimately extracted.[2.5 points] (B).As society's cost of disposing of trash increases over time, recycling rates should automatically increase as well.Do you agree with this statement? Explain your reasoning. What government policies can be implemented to encourage producers and consumers to achieve the optimal level of recycling?[5 points] (C).What is the difference between old scrap and new scrap? Why is old scrap market not as efficient as new scrap market? Your answer should include appropriate diagram(s) and written remarks