A Monopolistically Competitive Firm Is Likely to Produce Less and Charge

A monopolistically competitive firm is likely to produce less and charge more than a perfectly competitive firm because

A) a monopolistically competitive firm faces a downward-sloping demand curve; therefore, price is greater than marginal revenue.
B) there is less demand for the monopolistically competitive firm's product.
C) both firms equate marginal cost with average cost.
D) a monopolistically competitive firm faces excessive competition.
E) a monopolistically competitive firm faces different cost conditions.