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miks miks
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Posts: 474
5 years ago
If buyers of a monopolistically competitive product feel the products of different sellers are strongly differentiated, then the demand for each seller's product is

• perfectly inelastic.

• perfectly elastic.

• relatively inelastic.

• relatively elastic.
Textbook 
Microeconomics

Microeconomics


Edition: 7th
Authors:
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Replies
wrote...
5 years ago
relatively inelastic.
miks Author
wrote...
5 years ago
Thanks
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