In the long run, a typical firm in a monopolistically competitive market earns positive economic profits.

Name: In the long run, a typical firm in a monopolistically competitive market earns positive economic profits.
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In the long run, firms in a monopolistically competitive market earn zero economic profits due to the entry of new firms attracted by the initial profits, which leads to a decrease in demand for each existing firm until profits are eliminated.

In the Long Run, a Typical Firm in a Monopolistically