The viewed demand also curve of perfect competition is a horizontal straight line and the viewed demand also curve of monopoly is a downward sloping curve which is same as sector demand curve. The viewed demand curve of monopolistic competition is between the perceived demand also curve of monopoly and also perfect competition as it is likewise downward sloping however the curve is comparatively flatter bereason are substitutes current in industry which provides demand elastic.
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everyone. Today we're fixing problem number six from chapter 10 of the values for Macro Economics 80 textbook which asks us to compare the procedure and also curb for a monopolistic Lee competitive sector to the regarded A male cares for perfectly competitive sector. Sorry firm and also in the not also. So for on page 246 they actually offer you the answer. But I simply desire to briefly define to you why it ISS mystery of monopolistic competitors is in in between 32 extremes and also not Lee and put the competition so perfect competition. You have actually what is recognized as a perfectly plastic viewed a mentor, which indicates that you can offer all out, but you desire at the going sector civil liberties. Um manker got banker from Monopoly is sector demand also. So it's very Steve. So this is Odyssey totally flat, incredibly seat. And this is semi Steve. Some choose what it's choose in between, um so basically drops in in between. So simply to go earlier for monopoly even offer even more output only by defusing the price of charges. Um, so commonly it ends up having actually a higher price should output for monopoly from Rocco Ciccone competition. It's very sick. It's like in the middle. Essentially asked us method to define it. Go ago a tiny even more. This best below is basically to answer of what the graph would certainly look prefer. What? The proceedings? Um yeah. So it is fairly level, but likewise still have steepness to it. It's not perfectly shed it so very halittle. If you men enjoy this video explanation Crstraightforward life alongside it. I hope you all have a nice day. And say thanks to you for watching now.