Now that you have studied monopolistic competition, let's see how well you can distinguish a firm in a monopolistically competitive market from a firm in a perfectly competitive market. given the description of the firm below, decide whether it applies to monopolistic competition, perfect competition, or both. you may have to adjust the scroll bar to see the complete list. items (9 items) (drag and drop into the appropriate area below) a firm that produces at efficient scale in the long runa firm that produces an identical product to all of its rivalsa firm that produces with excess capacity in the long runa firm that has market powera firm that sets price greater than marginal costa firm that earns zero economic profit in the long runa firm that maximizes profits by producing where mr