A Reminder Ad

question 28

Multiple Choice

A reminder ad

• A) reinforces previous knowledge of a product.
• B) states the position of a company on an issue.
• C) promotes a specific brand's features and benefits.
• D) tells people what a product is, what it can do, and where it can be found.
• E) shows one brand's strengths relative to those of competitors.

---

Definitions:

Pure Monopoly

A market structure where a single supplier has exclusive control over a product or service, with no close substitutes.

Total Market

The complete pool of potential buyers and sellers in a market, including all segments and types of consumers and producers.

Monopolistic Competition

A market structure characterized by many firms selling products that are similar but not identical, allowing for significant competitive pressure but some degree of pricing power.