The demand curve as perceived by a monopolistic competitor is _______.
A) upward-sloping
B) U shaped
C) downward-sloping
D) flat

Name: The demand curve as perceived by a monopolistic competitor is _______. A) upward-sloping B) U shaped C) downward-sloping D) flat
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Question

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The demand curve for a monopolistic competitor is downward-sloping because the firm faces a downward-sloping demand curve due to product differentiation, meaning that it can raise its price without losing all its customers.

The Demand Curve as Perceived by a Monopolistic Competitor Is