Each Firm in a Monopolistically Competitive Firm Faces a Downward-Sloping

question 88

Multiple Choice

Each firm in a monopolistically competitive firm faces a downward-sloping demand curve because

• A) there are many other sellers in the market.
• B) there are very few other sellers in the market.
• C) the firm's product is different from those offered by other firms in the market.
• D) that firm faces the threat of entry into the market by new firms.

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Definitions:

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