Concept
Version 8
Created by Boundless
Demand Curve
![Monopolistic Competition](../../../../../../../../../figures.boundless-cdn.com/20826/raw/monopoly-surpluses.jpg)
Monopolistic Competition
As you can see from this chart, the demand curve (marked in red) slopes downward, signifying elastic demand.
Source
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"Monopoly-surpluses."
http://commons.wikimedia.org/wiki/File:Monopoly-surpluses.svg
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