Answer
the statement is correct
Work Step by Step
let $A$ is invertible , then $(A^{2})^{-1}=(AA)^{-1}=A^{-1}A^{-1}$
let the statement is correct when k=n, then $(A^{n})^{-1}=(A^{-1})^{n}$
Thus $(A^{n+1})^{-1}=(A^{n}A)^{-1}=A^{-1}(A^{n})^{-1}=A^{-1}(A^{-1})^{n}=(A^{-1})^{n+1}$
Therefore $(A^{k})^{-1}=(A^{-1})^{k}$ , k is a positive integer