For a monopolistically competitive firm, the firm's demand curve is

Name: For a monopolistically competitive firm, the firm's demand curve is
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The demand curve for a monopolistically competitive firm is downward sloping. This is because the firm faces competition from other firms selling similar products, making it necessary to lower prices in order to increase demand. As the firm increases the price of its product, the quantity demanded decreases, resulting in a downward sloping demand curve.

For a Monopolistically Competitive Firm, the Firm's Demand Curve Is