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Why does a typical monopolistically competitive firm face a downward-sloping demand curve?
Intimate Space
Zone of space most often used for very personal or intimate interactions, ranging from 0 to 1½ feet between individuals.
Personal Space
Zone of space most often used for conversations with family and friends, ranging from 1½ to 4 feet between individuals.
Social Space
Zone of space most often used for group interactions, ranging from 4 to 12 feet between individuals.
Public Space
Zone of space most often used by public speakers or anyone speaking to many people, ranging beyond 12 feet from the individual.
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