kaliedeann2001 kaliedeann2001

25-03-2022
Business

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The demand curve faced by a monopolistically competitive firm is.

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lelemonee28 lelemonee28

25-03-2022

Answer: highly but not perfectly elastic.

Explanation: It is elastic because the monopolistically Competitive seller has many competitors producing closely substitutable goods, the latter being a determinant of the elasticity of demand.

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