26. The larger the number of firms and the smaller the degree of product differentiation the: a. greater the divergence between the demand and the marginal revenue curves of the monopolistically competitive firm. b. larger will be the monopolistically competitive firm’s fixed costs. c. less elastic is the monopolistically competitive firm’s demand curve. d. more elastic is the monopolistically competitive firm’s demand curve.

26. The larger the number of firms and the smaller the degree of product differentiation the:
a. greater the divergence between the demand and the marginal revenue curves of the monopolistically competitive firm.
b. larger will be the monopolistically competitive firm’s fixed costs.
c. less elastic is the monopolistically competitive firm’s demand curve.
d. more elastic is the monopolistically competitive firm’s demand curve.

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