how-does-a-downward-sloping-demand-curve-affect-a-firms-pricing-strategy-in-mono

Question

How does a downward sloping demand curve affect a firm's pricing strategy in monopolistic competition?

Accepted Answer

The firm must lower prices to increase sales.

Answer

The firm can increase prices without affecting sales.

Answer

The firm can set any price without losing customers.

Answer

The firm has no control over pricing.