If we were to compare the monopolistically competitive firm's long-run outcome to that of a perfectly competitive one,we would conclude that the monopolistically competitive firm:

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In the long-run, the monopolistically competitive firm will have higher prices than a perfectly competitive firm due to its product differentiation. This will result in less consumer surplus for the buyers. The monopolistically competitive firm may produce more output, but this is not necessarily true and depends on various factors. The profit of the monopolistically competitive firm may also not be the same as the perfectly competitive firm as it incurs higher costs due to product differentiation.

If We Were to Compare the Monopolistically Competitive Firm's Long-Run