The Demand Curve Facing a Monopolistic Competitor Will Be More

Multiple Choice

The demand curve facing a monopolistic competitor will be more elastic than the demand curve facing a monopolist because

A) there are barriers to exit for the monopolist, but not for the monopolistic competitor.
B) the monopolistic competitor attains resource-allocative efficiency, but the monopolist does not.
C) there are substitute goods for what the monopolistic competitor produces, but not for what the monopolist produces.
D) the monopolist is a price searcher, but the monopolistic competitor is not.