If new firms enter a monopolistically competitive market,the demand curves for the existing firms will

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If new firms enter a monopolistically competitive market, the number of firms increases, resulting in a decrease in market share for each existing firm. As a result, the demand curves for the existing firms will shift to the left. This is because consumers now have more options to choose from, leading to a more competitive environment for businesses.

If New Firms Enter a Monopolistically Competitive Market,the Demand Curves