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-If Demand Curve D2 Represents a Monopolistic Competitor and Demand

Question 59

Multiple Choice

-If demand curve D2 represents a monopolistic competitor and demand curve D1 represents a perfect competitor,then A) the perfect competitor has a more elastic demand curve than the monopolistic competitor. B) the monopolistic competitor has a more elastic demand curve than the perfect competitor. C) the perfect competitor and the monopolistic competitor have identical elasticity in their demand curves. D) None of these choices are true.
-If demand curve D2 represents a monopolistic competitor and demand curve D1 represents a perfect competitor,then


A) the perfect competitor has a more elastic demand curve than the monopolistic competitor.
B) the monopolistic competitor has a more elastic demand curve than the perfect competitor.
C) the perfect competitor and the monopolistic competitor have identical elasticity in their demand curves.
D) None of these choices are true.

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