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1. A. (5 points) Explain why monopolistically competitive firms use advertising, while perfectly competitive firms are unlikely to do so. B. (5 points) Which is

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1. A. (5 points) Explain why monopolistically competitive firms use advertising, while perfectly competitive firms are unlikely to do so. B. (5 points) Which is more likely to advertise its services and why: a taxi driver in Moscow or a hair salon in Moscow

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