If a Monopolistic Competitive Firm Raises Its Price, Then

Multiple Choice

If a monopolistic competitive firm raises its price, then

A) it should expect to lose all of its customers because there are many other sellers of the product.
B) this is a trick question because the firm does not have the ability to change its price.
C) it should expect to lose some, but not all, of its customers.
D) it will be able to increase its profits.
E) it can sell all it wants because it faces a horizontal demand curve.