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You Probably Know Why Firms Advertise

Question 50

Multiple Choice

You probably know why firms advertise. But the incentives to advertise vary from market structure to market structure. In which market structure is there a weak, but still existent, reason to advertise?


A) monopoly
B) oligopoly
C) monopolistic competition
D) perfect competition
E) there is no weak incentive-they are always strong

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