In which two market models would advertising be used most often?

Name: In which two market models would advertising be used most often?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

In monopolistic competition, firms produce differentiated products and engage in heavy advertising to create brand awareness and loyalty. In oligopoly, few large firms dominate the market, and they use advertising to gain a competitive advantage and increase market share. Therefore, the correct answer is C - monopolistic competition and oligopoly.

In Which Two Market Models Would Advertising Be Used Most