Why is the demand curve under monopolistic competition different from demand curve of a firm under monopoly? Use diagram

Dear student,
at first glance, the demand curve of monopolistic competition and the demand curve of monopoly look alike. However, the demand curve of monopolistic competition is more elastic than that of a monopoly. This is because differentiated products under monopolistic competition have close substitutes whereas there are no close substitutes available in monopoly.

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Regards.

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