A Monopolistically Competitive Firm Has a Downward-Sloping Demand Curve Because

question 70

Multiple Choice

A monopolistically competitive firm has a downward-sloping demand curve because

• A)market demand is downward-sloping.
• B)it is a monopoly in a small segment of the market.
• C)there are so few firms producing in the market.
• D)competition is being eliminated in a monopolistic market.
• E)its product is differentiated from others.

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