The Less Elastic A Monopolistic Competitor'S Long-Run Demand Curve, The:

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The Less Elastic A Monopolistic Competitor'S Long-Run Demand Curve, The:

A. less its excess capacity. B. higher its price relative to that of a pure competitor having the same cost curves. C. higher its long-run profits. D. lower its average total cost at its equilibrium level of output.
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B. higher its price relative to that of a pure competitor having the same cost curves.

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