In the Long Run, the Economic Profits of Hoot's Chicken

Multiple Choice

In the long run, the economic profits of Hoot's Chicken 'n' Ribs, a monopolistic competitor, are:

A) not eliminated, because competition is not perfect.
B) not eliminated, because the demand curve slopes downward.
C) eliminated due to firms entering the industry.
D) eliminated due to firms leaving the industry.
E) not eliminated, because firms cannot enter the industry.