Which of the following firms will find it most useful to engage in advertising?

Question

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Monopolistically competitive firms face a large number of competitors offering similar products, making it necessary to differentiate their products through advertising to increase brand loyalty and maintain market share. Perfectly competitive firms do not advertise as they sell homogeneous products and cannot influence the market price. Monopolies do not advertise as they have no competition and do not need to differentiate their products. Members of a cartel do not advertise as they collude to control prices and output, and advertising would be unnecessary.

Which of the Following Firms Will Find It Most Useful