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Elasticity concepts

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Explain why the demand curve facing a monopolist is less elastic than one facing a firm that operates in a monopolistically competitive market. ( all other factors held constant)

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https://brainmass.com/economics/elasticity/elasticity-concepts-329196

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In a monopolistic environment there is a single seller and there are no close substitutes available for the product. So, it is not ...

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Solution explains why the demand curve facing a monopolist is less elastic than one facing a firm that operates in a monopolistically competitive market

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