Because a Monopolistically Competitive Firm Is Usually in Competition with Other

question 109

Multiple Choice

Because a monopolistically competitive firm is usually in competition with other firms producing similar goods, we generally say:

• A) their demand curve is perfectly elastic.
• B) their demand curve is less elastic than that for a monopolist.
• C) their demand curve is more elastic than that for a monopolist.
• D) their demand curve is more elastic than that for a perfectly competitive firm.

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