The demand curve faced by a monopolistically competitive firm is.

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asked Feb 4, 2023 14.6k views

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Suraj Sanwal · Answer 1 · 2023-02-08T20:36:25+0000

Answer: highly but not perfectly elastic.

Explanation: It is elastic because the monopolistically Competitive seller has many competitors producing closely substitutable goods, the latter being a determinant of the elasticity of demand.

The demand curve faced by a monopolistically competitive firm is.

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