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Consider the market for soda OR beer OR car insurance. Have you ever noticed that the competing firms in each market air so many commercials?

Consider the market for soda OR beer OR car insurance. Have you ever noticed that the competing firms in each market air so many commercials? Explain this phenomena using economics and market structures. Be sure to state the market structure for the market you selected and clearly explain why the firm advertises. What is the goal of advertising?

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