Your answers should not exceed a total of 500 words (excluding the reference list). Questions: 1. What difculties do small-scale producers face in competing in markets Where multinational corporations with high brand awareness operate? 2. What strategies can small-scale producers adopt to compete with corporations that have very large advertising budgets and brand loyalty? Hints: 0 Make notes on the comments made by the guest speakers, and your discussions with other students in the seminar. Use your own initiative to research the question you may draw on personal experience and observations if you wish. ' Read Chapter 9 of the textbook. ' In your answer, explain what is meant by 'competitive markets', 'market power', and 'monopolistic competition