how does the long-run equilibrium for a monopolistically competitive market differ from the long-run equilibrium for a perfectly competitive market? part 2 one way in which monopolistically competitive markets and perfectly competitive markets differ is that in long-run equilibrium, monopolistically competitive firms part 3 a. charge a price marginal revenue. b. . c. produce at minimum marginal cost. d. produce where marginal revenue is marginal cost. e. do not earn zero economic profits.