In the long run,a monopolistically competitive firm will make the same economic profit as

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In the long run, a monopolistically competitive firm will make zero economic profit, like a perfectly competitive firm in long-run equilibrium. This is because there are no barriers to entry, meaning that new firms can easily enter the market and compete away any economic profit that existing firms are making. Therefore, a monopolistically competitive firm will not make the same economic profit as a single-price monopoly or a price-discriminating monopoly, which can continue to make economic profit in the long run due to barriers to entry. Also, a monopolistically competitive firm will not make the same economic profit as itself in the short run, as it may experience a different demand and cost structure in the long run. Similarly, it will not make the same economic profit as a perfectly competitive firm in short-run equilibrium as a perfectly competitive firm does not make economic profit in the short run.

In the Long Run,a Monopolistically Competitive Firm Will Make the Same