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Question: would the demand curve for a monopolistic competitor be more...

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Would the demand curve for a monopolistic competitor be more or less elastic than the demand curve for a monopolist? Justify your answer. What are the characteristics of a monopolistically competitive market? In what sense is there com- petition and in what sense is there monopoly in this type of market structure? What are three examples of monopolistically competitive markets? True, false or uncertain, and why? Monopolistic competition is just another form of pure monopoly. True, false or uncertain, and why? Monopolistic competition is even better than perfect competition. True, false or uncertain, and why? In the long run, monopolistic competitors produce at their most efficient point.

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