In the long run, zero economic profit exists in monopolistic competition and perfect competition.

Name: In the long run, zero economic profit exists in monopolistic competition and perfect competition.
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In both monopolistic competition and perfect competition, firms earn zero economic profit in the long run due to the entry and exit of firms in the market, which drives profits to normal levels (covering all costs, including opportunity costs).

In the Long Run, Zero Economic Profit Exists in Monopolistic