The Graph Below Shows the Chamberlin Model

question 13

Multiple Choice

The graph below shows the Chamberlin model. One would expect the demand curve facing a monopolistically competitive firm to be

• A)more elastic than a monopoly in the same industry.
• B)less elastic than a monopoly in the same industry.
• C)more elastic than a perfectly competitive firm in the same industry.
• D)as elastic as a monopoly in the same industry.

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