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

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

Step-by-step explanation:

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

Step-by-step explanation:

User Jeanice
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