Why does the demand curve facing a monopolistically competitive firm slope downward in the long run, even after the entry of new firms?

Question

asked Jun 28, 2022 12.7k views

2 Answers

Anand S Kumar · Answer 1 · 2022-06-28T23:52:29+0000

Answer:Why does the demand curve facing a monopolistically competitive firm slope downward in the long run, even after the entry of new firms?

Step-by-step explanation:

Jeanice · Answer 2 · 2022-07-02T08:23:51+0000

Answer:Firms will face perfectly elastic demand curves only if their products are perfect substitutes for the products of other firms.

Step-by-step explanation: