In the long run, monopolistically competitive firms make zero economic profits because of government regulations.

Name: In the long run, monopolistically competitive firms make zero economic profits because of government regulations.
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In the long run, monopolistically competitive firms make zero economic profits due to the entry of new firms attracted by short-term profits, which increases competition and drives profits down to zero, not because of government regulations.

In the Long Run, Monopolistically Competitive Firms Make Zero Economic