The Downward-Sloping Demand Curve of a Monopolistic Competitor

question 57

Multiple Choice

The downward-sloping demand curve of a monopolistic competitor

• A) reflects some level of control over its own price.
• B) becomes eventually horizontal in the long run.
• C) indicates collusion among the members of the product group.
• D) ensures that the firm will produce at minimum average cost in the long run.

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