The Larger the Number of Firms and the Smaller the Degree

question 189

Multiple Choice

The larger the number of firms and the smaller the degree of product differentiation, the

• A) greater the divergence between the demand and the marginal revenue curves of the monopolistically competitive firm.
• B) larger will be the monopolistically competitive firm's fixed costs.
• C) less elastic is the monopolistically competitive firm's demand curve.
• D) more elastic is the monopolistically competitive firm's demand curve.

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