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5 a. Assume you are the owner of a firm in a perfectly competitive market. You were informed that no one is advertising and that
5 a. Assume you are the owner of a firm in a perfectly competitive market. You were informed that no one is advertising and that if you do you can increase your sales therefore your profits in the short run. Would you create an aggressive advertising campaign for your product? Discuss b. The kinked demand curve is a prominent feature in the oligopolistic market that makes it prohibitive to competitive pricing and excess profits. Despite it firm in an oligopolistic structure continue to make positive profit. discuss
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