In the long run the monopolistic competitor _______ an economic profit and the perfect competitor ________ an economic profit.

Name: In the long run the monopolistic competitor _______ an economic profit and the perfect competitor ________ an economic profit.
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In the long run, both monopolistic competitors and perfect competitors do not make an economic profit due to the entry and exit of firms in response to profit opportunities, leading to a situation where firms only earn a normal profit.

In the Long Run the Monopolistic Competitor _______ an Economic