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The demand curve of a monopolistically competitive firm A.is perfectly elastic. B.is horizontal because the firm must cut its price to sell more. C.is downwardminus−sloping because it sells an identical
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The demand curve of a monopolistically competitive firm

A.is perfectly elastic.
B.is horizontal because the firm must cut its price to sell more.
C.is downwardminus−sloping because it sells an identical product.
D.is downwardminus−sloping because it must cut its price to sell more.

User Kyle Yeo
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1 Answer

3 votes

Answer:

D.is downwardminus−sloping because it must cut its price to sell more.

Step-by-step explanation:

The demand curve of the monopolistic firm is downward sloping because as the price decrease the firm can sell more.

User Wilson Souza
by
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