Answer to Question #68452 in Microeconomics for usman

Question #68452
Explain why a perfectly competitive firm would or would not advertise?
1
Expert's answer
2017-05-25T11:34:10-0400
A perfectly competitive firm would not advertise because all firms in the industry sell the same product, there is no reason for customers to be influenced by ads into buying one firm’s product rather than another firm's product.

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