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Author Question: Why is the demand curve facing a monopolistically competitive firm quite elastic? (Read 67 times)

mt05945

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on: Oct 12, 2022
Why is the demand curve facing a monopolistically competitive firm quite elastic?
◦ The industry is producing a homogeneous product.
◦ There are many close substitutes to the good the firm is producing.
◦ There is the possibility of entry of new firms.
◦ Goods that are complements to the good the firm is producing also have elastic demand curves.
◦ Firms are not behaving strategically.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by mt05945 on Oct 12, 2022

queenBea90

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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mt05945

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Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

Laurenleakan

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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