What is the reason for the long run equilibrium of a firm in monopolistic competition to be associated with zero profit ?

What is the reason for the long run equilibrium of a firm in monopolis

1.	What is the reason for the long run equilibrium of a firm in monopolistic competition to be associated with zero profit ?
Answer» <html><body><p></p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :The reason why firm in monopolistic competition <a href="https://interviewquestions.tuteehub.com/tag/earns-964173" style="font-weight:bold;" target="_blank" title="Click to know more about EARNS">EARNS</a> zero profit in the long run is free <a href="https://interviewquestions.tuteehub.com/tag/entry-972873" style="font-weight:bold;" target="_blank" title="Click to know more about ENTRY">ENTRY</a> and exit of firms. If firm earns super normal profits in the short run then new firms will <a href="https://interviewquestions.tuteehub.com/tag/enter-446119" style="font-weight:bold;" target="_blank" title="Click to know more about ENTER">ENTER</a> in the long run and if there ae losses then firm will exit in the long run. The <a href="https://interviewquestions.tuteehub.com/tag/result-1187343" style="font-weight:bold;" target="_blank" title="Click to know more about RESULT">RESULT</a> is zero abnormal profits in the long run.</body></html>