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state whether each of the following statement is true, or fale, or uncertain. Explain Why. a) An Indifference Curve is convex to the origin b)

state whether each of the following statement is true, or fale, or uncertain. Explain Why.

a) An Indifference Curve is convex to the origin

b) If average cost falls, marginal cost must fall

c) a monopolist can't incur loss.

d) Price discrimination reduces social welfare compared to uniform pricing.

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