rubiim754 rubiim754

11-05-2021
Business

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Why does the demand curve facing a monopolistically competitive firm slope downward in the long run, even after the entry of new firms?

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myname13hk myname13hk

11-05-2021

Answer:Firms will face perfectly elastic demand curves only if their products are perfect substitutes for the products of other firms.

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niasocool90897 niasocool90897

11-05-2021

Answer:Why does the demand curve facing a monopolistically competitive firm slope downward in the long run, even after the entry of new firms?

Explanation:

Answer Link

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