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>Solution :The <a href="https://interviewquestions.tuteehub.com/tag/long-537592" style="font-weight:bold;" target="_blank" title="Click to know more about LONG">LONG</a> <a href="https://interviewquestions.tuteehub.com/tag/run-1192138" style="font-weight:bold;" target="_blank" title="Click to know more about RUN">RUN</a> <a href="https://interviewquestions.tuteehub.com/tag/equilibrium-974342" style="font-weight:bold;" target="_blank" title="Click to know more about EQUILIBRIUM">EQUILIBRIUM</a> of a <a href="https://interviewquestions.tuteehub.com/tag/firm-989667" style="font-weight:bold;" target="_blank" title="Click to know more about FIRM">FIRM</a> in monopolistic competition is <a href="https://interviewquestions.tuteehub.com/tag/associated-886051" style="font-weight:bold;" target="_blank" title="Click to know more about ASSOCIATED">ASSOCIATED</a> with zero profits because of 'Freedom of Entry and Exit'. Under monopolistic competition,firms are free to enter into or exit from the industry at any time they wish. It ensures zero profit or absence of abnormal profits in the long run.</body></html>