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प्रश्न
Under which of the market forms, demand curve is steeper (less elastic) than the monopolistic competition?
विकल्प
Monopoly
Perfect competition
Oligopoly
None of these
MCQ
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उत्तर
Monopoly
Explanation:
In a monopoly, the firm faces a less elastic (steeper) demand curve because it is the sole seller of the product, unlike in monopolistic competition, where close substitutes exist.
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