In the long run,firms in monopolistic competition earn zero economic profit because

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In monopolistic competition, there are low barriers to entry and exit, meaning that new firms can easily enter the market if they perceive the opportunity for economic profit. As more firms enter the market, the demand for each individual firm's product decreases, leading to a decrease in price and profits. Eventually, firms will only earn enough revenue to cover their costs, resulting in zero economic profit in the long run.

In the Long Run,firms in Monopolistic Competition Earn Zero Economic