In the Long Run, the Economic Profit Earned by Hoot's

Multiple Choice

In the long run, the economic profit earned by Hoot's Pump Chicken 'n' Ribs, a monopolistic competitor, is

A) not zero because competition is not perfect
B) not zero because its demand curve slopes downward
C) reduced to zero because firms enter the industry and shift its demand curve to the left
D) reduced to zero because firms leave the industry
E) not zero because firms face barriers to entry when they try to enter the industry