1.2. Why is the firms demand curve flatter than the total market demand curve in monopolistic competition?...

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1.2. Why is the firm’s demand curve flatter than the total market demand curve in monopolistic competition? Suppose a monopolistically competitive firm is making a profit in the short run. What will happen to its demand curve in the long run?

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Microeconomics

ISBN: 9780132080231

7th Edition

Authors: Robert S. Pindyck, Daniel L. Rubinfeld

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Question Posted: Oct 26, 2024 04:01 AM

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1.2. Why is the firms demand curve flatter than the total market demand curve in monopolistic competition?...

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Microeconomics

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