Multiple Choice
Which of the following is TRUE?
A) There is no role for advertising in perfect competition.
B) Firms in monopolistic competition and oligopoly use advertising in expectation of increasing profit.
C) Advertising has costs but few if any benefits.
D) There is no role for advertising in perfect competition, and firms in monopolistic competition and oligopoly use advertising in expectation of increasing profit.
Correct Answer:
Verified
Correct Answer:
Verified
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