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    Understanding Modern Economics
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    Exam 7: In Between the Extremes: Imperfect Competition  
  5. Question
    The Fact That the Monopolistic Competitor Faces a Downward-Sloping Demand
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The Fact That the Monopolistic Competitor Faces a Downward-Sloping Demand

Question 26

Question 26

True/False

The fact that the monopolistic competitor faces a downward-sloping demand prevents him from earning an economic profit.

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