min of 200 words

media/some-economics-advertising & Answer the following questions in a minimum of 200 words. Respond to 2 students post, to meet this requirement may require you return to the discussion after your initial post. "Wrigley's spends around $30 million per year on commercials about Wrigley's Gum. Despite claiming, in a tongue in check way, to provide information about the gum to viewers, it is obvious that very little information is embedded in the high-concept, visually stimulating commercials. So what is the point of the advertising? How would an economist view this type of advertising?" Remember, advertising is a fixed cost, increase average total cost but not marginal cost. Would it be better to have a perfectly competitive market for gum? (source, Modern Principles of Economics. 4th Ed, Cowen and Tabarrak)