The demand curve facing a monopolistically competitive firm is generally
A. steeper than the demand curve that would face a perfectly competitive firm in the same industry.
B. less elastic than the demand curve that would face a monopoly in the same industry.
C. steeper and more elastic than the demand curve that would face a perfectly competitive firm in the same industry.
D. flatter than the demand curve that would face a monopoly in the same industry.
Answer: D
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