If a Quebec strawberry wholesaler operates in a perfectly competitive market,that wholesaler will have a _____ share of the market,and consumers will consider her strawberries and her competitors' strawberries to be _____.Therefore,_____ advertising will take place in this market.

Question

Quizplus · Accepted Answer

In a perfectly competitive market, no one firm has a large market share, so the wholesaler would have a small share of the market. In addition, the products sold by all firms in the market are standardized, so consumers would consider the strawberries of all wholesalers to be similar, making differentiated advertising unnecessary. Therefore, only little or no advertising would take place in this market.

If a Quebec Strawberry Wholesaler Operates in a Perfectly Competitive