In monopolistic competition,long-run economic profit is zero because of

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In monopolistic competition, the absence of barriers to entry means that new firms can enter the market if they see existing firms making economic profits. Over time, this entry of new firms increases the competition in the market, driving down prices and profits until no firm earns more than the normal profit, which corresponds to zero economic profit. This process ensures that in the long run, economic profits are eliminated due to the ease of entry into the market.

In Monopolistic Competition,long-Run Economic Profit Is Zero Because of