Use a graph to illustrate Shapiro's (1980) critique of the Dixit and Norman (1978) argument that if
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Use a graph to illustrate Shapiro's (1980) critique of the Dixit and Norman (1978) argument that if a mo- nopoly's advertising only informs consumers that a product exists rather than shifting tastes, there is too lit- tle advertising. Assume that demand is linear and mar- ginal costs are constant.
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Modern Industrial Organization
ISBN: 9780321011459
3rd Edition
Authors: Dennis W. Carlton, Jeffrey M. Perloff
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