In general, the demand curve facing the monopolistically competitive firm is more elastic than the demand curve facing the monopoly.

Name: In general, the demand curve facing the monopolistically competitive firm is more elastic than the demand curve facing the monopoly.
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In monopolistic competition, firms have some degree of market power but there are many substitutes, making the demand curve more elastic compared to a monopoly, where a single firm dominates with fewer substitutes available.

In General, the Demand Curve Facing the Monopolistically Competitive Firm