The monopolistically competitive seller's demand curve will become more elastic the:

A) more significant the barriers to entering the industry. B) greater the degree of product differentiation. C) larger the number of competitors. D) smaller the number of competitors.

Question

Business

Georgia Ochoa

8 June, 16:06

The monopolistically competitive seller's demand curve will become more elastic the:

A) more significant the barriers to entering the industry. B) greater the degree of product differentiation. C) larger the number of competitors. D) smaller the number of competitors.

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Answers (1)

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Sadie Esparza · Answer 1

C) larger the number of competitors.

Explanation:

The more elastic because there are many sellers and the more substitutes for the product are available in the market.

The monopolistically competitive seller's demand curve will become more elastic the:A) more significant the barriers to entering the industry. B) greater the degree of product differentiation. C) larger the number of competitors. D) smaller the number of competitors.

The monopolistically competitive seller's demand curve will become more elastic the:

A) more significant the barriers to entering the industry. B) greater the degree of product differentiation. C) larger the number of competitors. D) smaller the number of competitors.