When a new firm enters a monopolistically competitive market,what will happen to the individual demand curves faced by all existing firms in that market

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When a new firm enters a monopolistically competitive market, it increases the number of firms competing for the same customers, leading to an increase in supply. This increase in supply will shift the market demand curve downward and to the left, causing a decrease in the average price that all firms can charge for their products. As a result, the individual demand curves faced by all existing firms in the market will shift to the left, resulting in a decrease in quantity demanded.

When a New Firm Enters a Monopolistically Competitive Market,what Will