Question: 1. How does the demand curve faced by a purely monopolistic seller differ from that confronting a purely competitive firm? 2. Why does it differ?

1. How does the demand curve faced by a purely monopolistic
seller differ from that confronting a purely competitive firm? 2. Why does

1. How does the demand curve faced by a purely monopolistic seller differ from that confronting a purely competitive firm? 2. Why does it differ? Of what significance is the difference? 3. Why is the pure monopolist's demand curve not perfectly inelastic

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