Monopolistically competitive firms can earn profits in the long run by:

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Monopolistically competitive firms can earn profits in the long run by continually innovating and differentiating their product, which allows them to maintain a loyal customer base and charge higher prices. This will give them an edge over their competitors and lead to long-term profitability. Price discrimination and minimizing costs may be useful strategies, but they may not necessarily lead to long-term profits for monopolistically competitive firms. While zero profits are a possibility for these firms, it is not a guarantee, and it is possible for them to earn long-term profits through innovation and differentiation.

Monopolistically Competitive Firms Can Earn Profits in the Long Run