Figure 10.18 -Refer to Figure 10.18.Which of the following statements is true? A)D_arepresents the long-run demand curve facing a monopolistic competitor in a constant-cost industry while D_bdepicts the demand curve in the short run. B)D_arepresents the long-run demand curve facing a monopolistic competitor in a constant-cost industry while D_bdepicts the long-run demand curve in an increasing-cost industry. C)D_arepresents the long-run demand curve facing a perfect competitor while D_bdepicts the long-run demand curve facing a monopolistic competitor. D)D_arepresents the long-run supply curve in a perfectly competitive, constant-cost industry while D_bdepicts the long-run demand curve facing a monopolistic competitor in a decreasing-cost industry.

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The Answer of Figure 10.18 -Refer to Figure 10.18.Which of the following statements is true? A)D_arepresents the long-run demand curve facing a monopolistic competitor in a constant-cost industry while D_bdepicts the demand curve in the short run. B)D_arepresents the long-run demand curve facing a monopolistic competitor in a constant-cost industry while D_bdepicts the long-run demand curve in an increasing-cost industry. C)D_arepresents the long-run demand curve facing a perfect competitor while D_bdepicts the long-run demand curve facing a monopolistic competitor. D)D_arepresents the long-run supply curve in a perfectly competitive, constant-cost industry while D_bdepicts the long-run demand curve facing a monopolistic competitor in a decreasing-cost industry.

Figure 10.18 -Refer to Figure 10.18.Which of the Following Statements Is True