The market demand curve facing a monopolist is more elastic than the market demand curve facing a monopolistic competitor.

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The market demand curve facing a monopolistic competitor is more elastic than the market demand curve facing a monopolist. This is because monopolistic competitors face competition from other firms selling similar but not identical products, giving consumers more options and making their demand more elastic. Monopolists, on the other hand, do not face such competition and can therefore charge higher prices with less impact on demand.

The Market Demand Curve Facing a Monopolist Is More Elastic