Which of the Following Is True About the Demand Curve

question 48

Multiple Choice

Which of the following is true about the demand curve for a monopolistically competitive firm?​

• A) ​It is less elastic (steeper) than for monopoly, but more elastic (flatter) than for a perfectly competitive firm.
• B) ​It is less elastic (steeper) than the demand curve for either a monopoly firm or a perfectly competitive firm.
• C) ​It is more elastic (flatter) than the demand curves for either a monopoly firm or a perfectly competitive firm.
• D) ​It is less elastic (steeper) than for a perfectly competitive firm, but more elastic (flatter) than for a monopoly firm.

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