Because of the advertisers' dilemma,an industry as a whole would,if legal,have an incentive to ________ advertising to ________ competition among sellers.

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The advertisers' dilemma refers to the situation where an advertiser wants to advertise their product to increase sales, but they also know that advertising by their competitors will reduce their own sales. Therefore, an industry as a whole would have an incentive to restrict advertising to reduce competition among sellers. This would effectively create a barrier to entry for new competitors, allowing established firms to maintain higher prices and profits.

Because of the Advertisers' Dilemma,an Industry as a Whole Would,if