Demand curve in case of Monopolistic competition is more elestic as compared to demand curve under Monopoly due to

Demand curve in case of Monopolistic competition is more elestic as co

1.	Demand curve in case of Monopolistic competition is more elestic as compared to demand curve under Monopoly due to
Answer» <html><body><p>Huge <a href="https://interviewquestions.tuteehub.com/tag/selling-25929" style="font-weight:bold;" target="_blank" title="Click to know more about SELLING">SELLING</a> costs<br/>Freedom of <a href="https://interviewquestions.tuteehub.com/tag/entry-972873" style="font-weight:bold;" target="_blank" title="Click to know more about ENTRY">ENTRY</a> and Exist<br/>Presence of <a href="https://interviewquestions.tuteehub.com/tag/close-408965" style="font-weight:bold;" target="_blank" title="Click to know more about CLOSE">CLOSE</a> substitutes<br/>Large number of Firms</p>Solution :C.</body></html>