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Author Question: If advertising increases the numbers of firms in an industry, each firm's demand (Read 60 times)

beccaep

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If advertising increases the numbers of firms in an industry, each firm's demand
◦ increases.
◦ does not change.
◦ decreases.
◦ might increase or decrease depending on whether the new firms produce exactly the same product or a product that is slightly differentiated.
◦ None of these answers is correct.


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Marked as best answer by beccaep on May 24, 2019

Anton

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beccaep

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Anton

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