a. Compare the elasticity of a monopolistic competitor's demand with that of a pure competitor and a pure monopolist. A monopolistic competitor's demand curve is (Click to select) elastic than that of a pure competitor. A monopolistic competitor's demand curve is (Click to select) elastic than that of a pure monopolist. p. Using the diagram above, identify the demand curve for each of the following: Monopolist: (Click to select) Monopolistically competitive firm: (Click to select) - Perfectly competitive firm: (Click to select) . Assuming identical long-run costs, as shown in the diagram, identify graphically the price and output that would result in the long run under monopolistic competition. The long-run price and output for a monopolistically competitive firm is represented by (Click to select) ♥

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