For each of the following pairs of firms, explain which firm would be more likely to engage

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For each of the following pairs of firms, explain which firm would be more likely to engage in advertising.
a. A family-owned farm or a family-owned restaurant
b. A manufacturer of forklifts or a manufacturer of cars
c. a company that invented a very comfortable razor or a company that invented a less comfortable razor

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Principles of economics

ISBN: 978-0538453042

6th Edition

Authors: N. Gregory Mankiw

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