Advertising is more likely to occur in perfect competition than in monopolistic competition.

Name: Advertising is more likely to occur in perfect competition than in monopolistic competition.
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Question

Quizplus · Accepted Answer

Advertising is more common in monopolistic competition as firms try to differentiate their products from competitors and attract more customers. In perfect competition, there is little room for differentiation as all firms sell the same homogeneous product, so advertising is less necessary.

Advertising Is More Likely to Occur in Perfect Competition Than