In the long run,monopolistically competitive firms like Hardee's and Carl's Jr.operate at a price that

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In the long run, monopolistically competitive firms operate at a price that drives economic profit to zero. This is because in the long run, firms can enter or exit the market, creating more competition and eroding any profits that firms may be making in the short run. Therefore, in the long run, firms like Hardee's and Carl's Jr. will only earn enough revenue to cover their costs, resulting in a zero economic profit.

In the Long Run,monopolistically Competitive Firms Like Hardee's and Carl's