Why AR and MR curves in monopoly is more steeper than monopolistic competition???

Hi Upasana, the answer to your similar question has been answered by me. Follow the link below to view the answer.
https://www.meritnation.com/ask-answer/question/why-ar-and-mr-curves-are-more-flatter-in-monopolistic-compet/non-competitive-markets/8127425


 

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