-If Demand Curve D2 Represents a Monopolistic Competitor and Demand

question 76

Multiple Choice

-If demand curve D2 represents a monopolistic competitor and demand curve D1 represents a perfect competitor,then

• A)the perfect competitor has a more elastic demand curve than the monopolistic competitor.
• B)the monopolistic competitor has a more elastic demand curve than the perfect competitor.
• C)the perfect competitor and the monopolistic competitor have identical elasticity in their demand curves.
• D)None of these choices are true.

---

Definitions:

Line-Angle Formula

A simplified representation of organic molecules where lines represent bonds between atoms, and atom junctions or the ends of lines represent carbon atoms.

Skeletal Structure

A simplified organic chemistry diagram showing the bonding arrangement of atoms within a molecule without depicting hydrogen atoms.

Hydrogen Atoms

The simplest and most abundant type of chemical atom in the universe, consisting of one electron bound to a single proton.

Molecule

The smallest unit within a chemical substance that possesses the chemical attributes of the specific element or compound.