Question: Why does the demand curve facing a monopolistic competitor have a negative slope? A monopolistic competitor is the only firm that sells the product and

Why does the demand curve facing a monopolistic competitor have a negative slope?

A monopolistic competitor is the only firm that sells the product and no close substitutes exist.

A monopolistic competitor is protected by barriers to entry.

A monopolistic competitor sells a necessity.

A monopolistic competitor sells something that is different than other products sold by competitor in the industry. without approval.

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