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jr3811 jr3811
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A year ago

The demand curve facing a monopolistic competitor will be more elastic than the demand curve facing a monopolist because



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there are barriers to exit for the monopolist, but not for the monopolistic competitor.



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the monopolistic competitor attains resource-allocative efficiency, but the monopolist does not.



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there are substitute goods for what the monopolistic competitor produces, but not for what the monopolist produces.



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the monopolist is a price searcher, but the monopolistic competitor is not.

Textbook 
Economics

Economics


Edition: 12th
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lewmyrlewmyr
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A year ago
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