(a) [3 points:] How would you describe the market structure prior to point?
(b) [5 points:] What do you think the marginal cost level before the introduction of low-cost manufacturing technology at point? Justify your answer.
(c) [5 points:] Explain the movements in price between point A and B.
(d) [4 points] Why is the price drop at point B larger than that at point A?
(e) [4 points:] What do you think the marginal cost level after the introduction of low-cost manufacturing technology at point? Justify your answer.
(f) [4 points] Why does the price jump at point D?