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11 Dec 2019
Why do monopolistically competitive firms have downward-sloping demand curves?
A. Monopolistically competitive firms sell differentiated products.
B. Barriers to entering monopolistically competitive markets are low.
C. Monopolistically competitive firms face competition from only a few other sellers.
D. Monopolistically competitive markets have many buyers with identical preferences.
Why do monopolistically competitive firms have downward-sloping demand curves?
A. Monopolistically competitive firms sell differentiated products.
B. Barriers to entering monopolistically competitive markets are low.
C. Monopolistically competitive firms face competition from only a few other sellers.
D. Monopolistically competitive markets have many buyers with identical preferences.
Kristelle BalandoLv10
31 Aug 2020
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