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2 May, 13:53

The demand curve of a monopolistically competitive firm

A. is perfectly elastic.

B. is horizontal because the firm must cut its price to sell more.

C. is downwardminus-sloping because it sells an identical product.

D. is downwardminus-sloping because it must cut its price to sell more.

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  1. 2 May, 13:55
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    D. is downwardminus-sloping because it must cut its price to sell more.

    Explanation:

    The demand curve of the monopolistic firm is downward sloping because as the price decrease the firm can sell more.
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