Since the firm in the above figure is operating in a monopolistically competitive industry, in the long run we can expect to see

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In the long run, we can expect to see more firms entering the industry until economic profits are driven down to zero. This is due to low barriers to entry in a monopolistically competitive market, allowing new firms to enter and compete with existing ones for market share. As new firms enter, the demand for each firm's product decreases, leading to a decrease in price and ultimately, economic profits.

Since the Firm in the Above Figure Is Operating in a Monopolistically