The Demand Curve of a Monopolistically Competitive Producer Is

question 107

Multiple Choice

The demand curve of a monopolistically competitive producer is

• A)less elastic than that of either a pure monopolist or a pure competitor.
• B)less elastic than that of a pure monopolist, but more elastic than that of a pure competitor.
• C)more elastic than that of a pure monopolist, but less elastic than that of a pure competitor.
• D)more elastic than that of either a pure monopolist or a pure competitor.

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