In the long run, easy entry and exit within a monopolistically competitive market cause firms to earn normal profit.

Name: In the long run, easy entry and exit within a monopolistically competitive market cause firms to earn normal profit.
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In a monopolistically competitive market, the ease of entry and exit ensures that in the long run, firms will only earn a normal profit, as any economic profits attract new entrants, increasing competition and driving profits down to normal levels.

In the Long Run, Easy Entry and Exit Within a Monopolistically