The demand curve for a firm operating in a monopolistically competitive market is BEST described as:

A) U-shaped.
B) upward sloping.
C) downward sloping.
D) horizontal.

Downward Sloping

Illustrates a decrease or decline in value or quantity in response to an increase in another variable, often related to price and demand in economic contexts.

Demand Curve

A graph showing the relationship between the quantity of a good or service that consumers are willing to buy and its price.

Monopolistically Competitive Market

A market structure characterized by many firms selling similar but not identical products, with each having some control over its own prices.