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Demand for monopolistically competitive firms is Blank______. Multiple choice question. more inelastic than demand for pure monopolies due to the presence of rival firms less
Demand for monopolistically competitive firms is Blank______. Multiple choice question. more inelastic than demand for pure monopolies due to the presence of rival firms less elastic than demand for firms in pure competition due to fewer rivals and relative product differentiation more elastic than demand for firms in pure competition due to product homogeneity less elastic than demand for pure monopolies due to competitors producing substitutable goods
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