The perceived demand for a monopolistic competitor
A) is steep.
B) is flat.
C) takes competitors into account.
D) disregards competitors.

Name: The perceived demand for a monopolistic competitor A) is steep. B) is flat. C) takes competitors into account. D) disregards competitors.
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Question

Quizplus · Accepted Answer

The perceived demand for a monopolistic competitor takes competitors into account because monopolistic competitors recognize that their actions will affect the actions of their competitors and vice versa.

The Perceived Demand for a Monopolistic Competitor