A Monopolistic Competitor Has a Demand Curve That Is ___________

question 118

Multiple Choice

A monopolistic competitor has a demand curve that is ___________ elastic than a perfectly competitive firm's demand curve and ______________ a monopolistic firm's demand curve.

• A)less; more elastic than
• B)less; less elastic than
• C)more; more elastic than
• D)less: equally as elastic as

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Definitions:

Countercyclical Stock

Stocks that tend to move inversely to the economic cycle; they perform well when the economy is in a downturn.

Portfolio Expected Return

The portfolio expected return is the weighted average of the expected returns of the assets within a portfolio.

Standard Deviation

A measure of the dispersion or variability around the mean of a set of data, used in finance to quantify the risk of investment returns.