I am stuck on these two questions. Thank you for the help.

In monopolistically competitive markets

	price is greater than it would be in perfect competition.
	price is less than it would be in perfect monopoly.
	quantity is greater than it would be in perfect monopoly.
	All of the above.

Firms in a monopolistically competitive market face ________ demand curves and earn ________ economic profits in the long run.

	downward sloping; zero
	downward sloping; positive
	horizontal; zero
	horizontal; negative