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What is the difference between a monopolistically competitive demand curve and a perfectly competitive demand curve
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What is the difference between a monopolistically competitive demand curve and a perfectly competitive demand curve
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Aug 17, 2023
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What is the difference between a monopolistically competitive demand curve and a perfectly competitive demand curve
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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.
M Murteza
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Aug 24, 2023
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