The market demand curve for monopolistic competition is flatter than the demand curve for monopoly. State true or false.

True

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False

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Solution

The correct option is A
True

In case of monopolistic competition, the demand is more elastic as competition is more i.e. products have more substitutes. Hence, the demand curve is flatter.

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The market demand curve for monopolistic competition is flatter than the demand curve for monopoly. State true or false.

The correct option is A True In case of monopolistic competition, the demand is more elastic as competition is more i.e. products have more substitutes. Hence, the demand curve is flatter.

The correct option is A
True

In case of monopolistic competition, the demand is more elastic as competition is more i.e. products have more substitutes. Hence, the demand curve is flatter.