Answer to Question #106993 in Microeconomics for Rajiv

Question #106993
A monopolistically competitive firm's Demand curve slopes downward because ?

a)the firms sells a standardized product
b)the firm has complete information about the market
c)New Firms are free to enter the market
d)A Differentiated Product gives the firm some monopoly power
e)there are a large number of firms in the market
1
Expert's answer
2020-03-30T07:32:25-0400

a,c


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