In monopolistic competition,there are ________ barriers to entry and so firms in monopolistic competition ________ earn an economic profit in the long run.

Question

Quizplus · Accepted Answer

In monopolistic competition, there are no significant barriers to entry, which means that firms cannot earn an economic profit in the long run as new firms will enter the market, driving profits down to zero.

In Monopolistic Competition,there Are ________ Barriers to Entry and So