What is true for both monopoly and monopolistics competation in short run?
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Heya....
In short run....
The demand curve of these both markets slopes downwards....
Because both can influence their price till a limit to that buyers purchase their products...
But demand curve of monopoly is less elastic because in this there is no close subsitute.....
So for both monopoly and monopolistic it is true that their curve slopes downward...
In short run....
The demand curve of these both markets slopes downwards....
Because both can influence their price till a limit to that buyers purchase their products...
But demand curve of monopoly is less elastic because in this there is no close subsitute.....
So for both monopoly and monopolistic it is true that their curve slopes downward...
Karanjeetkaur:
in which class you are
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