Multiple Choice
The reason why firms in perfect competition do not advertise is because
A) their demand curves are all downward sloping and if they sell more it would have to be at a lower price
B) they differentiate themselves, as with milk
C) they are typically small in size and cannot produce for a wider market
D) there is no entry into the industry
E) there is no product differentiation among the goods produced
Correct Answer:
Verified
Correct Answer:
Verified
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