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Suppose that in the short run the firms in a monopolistically competitive industry are making an economic profit.Explain in detail what is likely to happen

Suppose that in the short run the firms in a monopolistically competitive industry are making an economic profit.Explain in detail what is likely to happen in this market over the long run. Will the firms be able to sustain this economic profit over the long run? Describe the adjustment process in this market towards the long run equilibrium

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