Question

A purely monopolistic firm Multiple Choice has no entry barriers. produces a product or service for which there are many close substitutes. earns only a normal profit in the long run. faces a downsloping demand curve.

Answer 1

A purely monopolistic firm aces a downsloping demand curve.

What is a monopolist firm?

Monopolist firm or company are companies in the market that are known for specific product.

The product often have no substitute and this

makes them have less competitor.

Therefore, a purely monopolistic firm aces a downsloping demand curve.

Learn more on demand curve below,

https://brainly.com/question/5687758

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