Monopolistically Competitive Firms _____

Monopolistically competitive firms _____

A) are guaranteed to earn short-run economic profit.
B) may earn short-run economic profit, but long-run economic profit is typically zero.
C) may earn economic profit both in the short run and in the long run.
D) earn zero economic profit both in the short run and in the long run.
E) can earn an economic profit only if they operate along the inelastic portion of their demand curves.