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The graph below shows the demand curve for a perfectly competitive firm. Suppose that firms in this industry discover a way to differentiate their products. 107 Using the line drawing tool, show how the firm's demand curve would be likely to change. Label the new demand curve 'd,'. Carefully follow the instructions above, and only draw the required objects. Since the demand curve is downward sloping, the monopolistically competitive firm will set a price d1 d Price O A. that is less than marginal cost. O B. that is greater than marginal cost. O C. that is equal to marginal cost. O D. that is unrelated to marginal cost. 10 Output