To maintain their economic profits,firms in monopolistic competition must continually engage in

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In monopolistic competition, firms have some market power but face competition from other firms offering similar products. Therefore, to maintain their economic profits, firms need to continually engage in product development and marketing to make their product stand out and attract customers. In this way, they can differentiate their product from their competitors and charge a higher price. Additionally, by continuously improving their product or introducing new ones, firms can maintain customer loyalty and prevent them from switching to a competitor.

To Maintain Their Economic Profits,firms in Monopolistic Competition Must Continually