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jen
jen asked in Social ScienceEconomics · 1 decade ago

Economics help! Is the firm's demand curve in monopolistic competition perfectly elastic as in pure comp.?

Please explain! Thanks!

2 Answers

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  • Bryan
    1 decade ago
    Favorite Answer

    No, although it is still very elastic.

    Source(s): macro class
  • restaurant
    Lv 4
    1 decade ago

    A successful monopoly would face a relatively inelastic demand curve. Given that there isn't any competition...

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