what are the answers to one and two and why are all the other answers wrong?

MIQ 17 20 Section 2: Multiple Choice (B) 1. Which of the following statements relating to a firm in an imperfectly competitive market and a firm in a perfectly competitive market is true? A) Firms in both types of markets will likely advertise the merits of their products to increase sales B. Firms in both types of markets will increase price to increase total revenues when their demand is inelastic. C. An imperfectly competitive firm must lower its price to increase sales, while a perfectly competitive. firm-can increase sales by in current price. "D. Barriers to entry give both imperfectly competitive and-perfectly competitive firms market power to reise price E. As their-product becomes different from their competitors' product, both an imperfectly competitive firm and a perfectly competitive firm will face less elastic consumer demand. 2. Refer to the graph below zilse mil vlogonor a ze syius hasmob gnigale-inswawab vanila grimuzz . Marginal Cost lw ounsvan loniguam all Jursun to annu lenahibbs $20 - Average Total Cost SIS-- $10 Marginal Revenue Demand 10 QUANTITY Which of the following is most likely to occur if the firm increases production beyond 10 units? A. Consumers would be willing to purchase more than 10 units at the price of $20 per unit. The firm would definitely experience a loss. The firm's average cost of production would initially increase. D. The firm would have to lower its price to sell more than 10 units. .The firm's profits would increase