When it comes to the demand curve of a monopolistic firm, we discover that the demand is C. completely inelastic.
What is the demand for a monopolistic firm?
The monopolistic firm has a completely inelastic demand which means that regardless of how much the price of the good is changed, the demand for the goods will not change.
The reason for this is that monopolistic firms produce goods that are differentiated from their competitors which means that they are more unique and so cannot be acquired elsewhere. People will therefore pay whatever price to get them
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