Which of the Following Is NOT a Characteristic of the Demand

question 11

Multiple Choice

Which of the following is NOT a characteristic of the demand curve faced by a firm in a monopolistically competitive market?

• A) The demand curve is downward sloping.
• B) The slope of the demand curve is negative.
• C) The firm will produce where the demand curve is inelastic.
• D) The firm will produce where the demand curve is elastic.

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