For each of the following pairs of firms, explain which firm would be more likely to engage
Question:
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 forklift trucks or a manufacturer of cars.
c. A company that invented a very reliable watch or a company that invented a less reliable watch that costs the same amount to make.
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