A firm under monopolistic competition makes only normal profits in the long run -(true/false) - Economics - Non-Competitive Markets

Question

A firm under monopolistic competition makes only normal profits in
the long run -(true/false)

MD Kabeer · Accepted Answer

Dear Student
True A firm makes only normal profits in the long run under
monopolistic competition because of freedom of entry and exit of
the firms in the market
Regards

A firm under monopolistic competition makes only normal profits in the long run. -(true/false)