-In the above figure, the firm is a monopolistically competitive firm. In the long run, its economic profit will be

Name: -In the above figure, the firm is a monopolistically competitive firm. In the long run, its economic profit will be
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In the long run, a monopolistically competitive firm will earn zero economic profit. This is because new firms will enter the market if there are profits to be made, increasing competition and driving down prices and profits until they reach zero.

-In the Above Figure, the Firm Is a Monopolistically Competitive