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When a firm engages in a substantial amount of image advertising, it tries to establish the uniqueness of its product relative to substitute products produced
When a firm engages in a substantial amount of image advertising, it tries to establish the uniqueness of its product relative to substitute products produced by rival firms. The firm, thus, tries to use successful image advertising to: a. reduce the price elasticity of supply of its products. b. reduce the price elasticity of demand for its products. c. increase the price elasticity of demand for its products. d. increase the price elasticity of supply of its products
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