Which of the following statements best describes firms under monopolistic competition? Group of answer choices

Profits will be positive in the long run.

Price always equals average variable cost.

In the long run, positive economic profit will be eliminated.

Marginal revenue equals the minimum average total cost in the short run.

Option C: In the long run, positive economic profit will be eliminated.

Explanation:

The statement that best describes firms under monopolistic competition is Option C, which is "in the long run, positive economic profit will be eliminated."

Hope this Helps! Please Mark Brainliest!

the old way of life was represented by superstition, an angry god, and absolute submission to authority. the thinkers of the age of reason ushered in a new way of thinking. this new way championed the accomplishments of humankind. individuals did not have to accept despair. science and reason could bring happiness and progress. kings did not rule by divine right. they had an obligation to their subjects. europeans pondered the implications for nearly a century. americans put them into practice first.