Economy, asked by naikrahul6790, 3 months ago

under monopolistic competition demand curve is

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Answered by maheshsingha553

2

Answer:

Market Power

The demand curve for an individual firm is downward sloping in monopolistic competition, in contrast to perfect competition where the firm's individual demand curve is perfectly elastic. This is due to the fact that firms have market power: they can raise prices without losing all of their customers.

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