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A Monopolistically Competitive Firm Has a Downward-Sloping Demand Curve for Its

Question 9

Multiple Choice

A monopolistically competitive firm has a downward-sloping demand curve for its product,primarily because:


A) there are no barriers to entry or exit in the long run.
B) there are many sellers in the industry.
C) its product is differentiated.
D) the price is greater than the marginal revenue.

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