The Relationship Between a Monopolistic Competitive Firm's Marginal Revenue Curve

Multiple Choice

The relationship between a monopolistic competitive firm's marginal revenue curve and its demand curve is that the

A) two curves coincide and are horizontal at the market price.
B) marginal revenue curve lies above the demand curve and the demand curve is horizontal at the market price.
C) marginal revenue curve lies below the demand curve and both are downward sloping.
D) two curves coincide and are downward sloping to the right.
E) marginal revenue curve lies above the demand curve and both are downward sloping.