why AR and MR curves are more flatter in monopolistic competition than in monopoly???

The AR and MR curves are more flatter in monopolistic competition than in monopoly. This is because under monopolistic  market, there are so many close substitutes available whereas, in monopoly market,the monopolist is the single seller and does not have any close substitutes available for its product which makes its demand curve less elastic than the one in monopolistic market.


 

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