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Which of the Following Is NOT a Characteristic of the Demand

Question 11

Multiple Choice

Which of the following is NOT a characteristic of the demand curve faced by a firm in a monopolistically competitive market?


A) The demand curve is downward sloping.
B) The slope of the demand curve is negative.
C) The firm will produce where the demand curve is inelastic.
D) The firm will produce where the demand curve is elastic.

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