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    Microeconomics Theory and Applications Study Set 2
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    Exam 13: Monopolistic Competition and Oligopoly
  5. Question
    The Demand Curve That a Monopolistically Competitive Firm Faces Is
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The Demand Curve That a Monopolistically Competitive Firm Faces Is

Question 90

Question 90

Multiple Choice

The demand curve that a monopolistically competitive firm faces is _____.


A) downward-sloping but fairly elastic
B) upward-sloping but fairly inelastic
C) horizontal
D) vertical

Correct Answer:

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