The Monopolistically Competitive Seller's Demand Curve Will Become More Elastic

question 14

Multiple Choice

The monopolistically competitive seller's demand curve will become more elastic the

• A) more significant the barriers to entering the industry.
• B) greater the degree of product differentiation.
• C) larger the number of competitors.
• D) smaller the number of competitors.

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Definitions:

Longshore Current

A current that runs parallel to the shore, generated by waves hitting the shoreline at an angle.

Spit

A small point or low ridge of sand or gravel projecting from the shore into a body of water.

Wave-cut Platform

A flat, often wide area at the base of a cliff created by the erosion of waves at the shore.

Estuaries

Coastal bodies of water where fresh water from rivers meets and mixes with salt water from the ocean.