For oligopolistic industries the demand is more elastic than demand facing monopolistically competitive industries.

Question

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The demand facing oligopolistic industries is less elastic than demand facing monopolistically competitive industries. This is because there are fewer firms in an oligopoly, which gives them more market power to set prices and limits consumer choice. In contrast, a monopolistically competitive market has many firms selling similar but slightly differentiated products, giving consumers more options and making demand more elastic.

For Oligopolistic Industries the Demand Is More Elastic Than Demand