The marginal revenue curve for a monopolistically competitive firm, when compared to the marginal revenue curve for a perfectly competitive firm, is

A) flatter.
B) steeper.
C) identical in that they are both horizontal.
D) identical in that they are both vertical.

Marginal Revenue Curve

A graphical representation showing how marginal revenue varies as output quantity changes.

Monopolistically Competitive

A commercial framework where a large number of businesses market goods that are comparable, but not exact duplicates, providing them with a bit of control over market conditions.

Perfectly Competitive

A market structure characterized by a large number of small firms, identical products, and free entry and exit, leading to price-taking behavior.