Economy, asked by vijayrane24042002, 2 months ago

demand for monopoly firm product is​

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Answered by DARKSIDED18
2

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A monopolistic competitive firm's demand curve is downward sloping, which means it will charge a price that exceeds marginal costs. The market power possessed by a monopolistic competitive firn means that at it's profit maximizing level of productionthere will be a net loss of consumer and producer surlups.

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