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Explain what it may make sense for monopolistically competitive to advertise but not a perfectly competitive farmer using economic theory and logic. Is it a
Explain what it may make sense for monopolistically competitive to advertise but not a perfectly competitive farmer using economic theory and logic. Is it a good use of resources? Should there be limits? Are consumers being manipulated?
Research on the psychology of marketing as well as do a review of the neoclassical theory of the firm and form an opinion whether advertising is good and necessary or whether advertising can be manipulative under certain circumstances and wasteful.
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