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Select a real-world market characterized by market power or brand loyalty, such as the market for automobiles or cell phones. Would you argue that consumers
Select a real-world market characterized by market power or brand loyalty, such as the market for automobiles or cell phones. Would you argue that consumers benefit when firms attempt to distinguish their products or services from those of rival firms? Should the government (Federal Trade Commission) be involved in regulating advertising? Discuss why or why not.
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