The Demand Curve Facing a Monopolistically Competitive Firm Is Downward-Sloping

question 23

Multiple Choice

The demand curve facing a monopolistically competitive firm is downward-sloping because:

• A)substitutes for the good are easily available.
• B)the firm produces homogeneous products.
• C)there is only one seller in the market.
• D)the price/marginal-cost markup is zero.

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