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The monopolistic competitor has a __________ elastic demand curve than the monopolist, largely ...

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The monopolistic competitor has a __________ elastic demand curve than the monopolist, largely ...

The monopolistic competitor has a __________ elastic demand curve than the monopolist, largely because it faces __________ substitutes for the product it produces and sells.

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less; more

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more; fewer

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more; more

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less; fewer

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Economics

Edition: 12^th

Author: Arnold

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