If the price is less than actual total cost for a monopolistic competitive firm, does the firm make a profit, loss, or break-even?

a) Can the threat of a price war deter entry by potential competitors? What actions might a firm take to make this threat credible?  b)Why is the firm’s demand curve flatter than the total market demand curve in monopolistic competition? Suppose a monopolistically competitive firm is making a profit in the short run. What will happen to its demand curve in the long run?

Why can’t firms under monopolistic competition achieve an economic profit in the long run?

What are the major characteristics of a firm competing under conditions of monopolistic competition?

What does it mean in a monopolistically competitive market, when the rule for maximizing profit is to set MR = MC? Group of answer choices Price is equal to marginal revenue. Price is equal to marginal cost. Price is lower than marginal revenue. Price is higher than marginal revenue.

Does the monopolistic firm make a profit, loss, or zero economic profit in the long run?