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A Monopolistic Competitor's Demand Curve Is _____

Question 42

Multiple Choice

A monopolistic competitor's demand curve is _____


A) perfectly elastic.
B) less elastic than a monopolist's or oligopolist's but more elastic than a perfect competitor's demand curve.
C) as elastic as an oligopolist's demand curve.
D) more elastic than a monopolist's or oligopolist's but less elastic than a perfect competitor's demand curve.
E) perfectly inelastic.

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