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Yuliya22 [10]
2 years ago
12

What is the difference between a monopolistically competitive demand curve and a perfectly competitive demand curve

Business
1 answer:
shtirl [24]2 years ago
4 0
The demand curve for a perfectly competitive firm is completely elastic and a horizontal line. Monopolistically competitive demand curve is downward sloping and is more elastic than monopoly because there are more substitutes.
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