The Main Objective of Advertising for a Monopolistically Competitive Firm

question 245

Multiple Choice

The main objective of advertising for a monopolistically competitive firm is

• A) to differentiate the product and boost demand.
• B) to reduce cost.
• C) to earn long run profits.
• D) none of the above.

---

Definitions:

Science

A systematic enterprise that builds and organizes knowledge in the form of testable explanations and predictions about the universe.

Inability

The lack of physical or mental capacity to perform a task or function.

Particular Skill

A specific ability or expertise in performing a certain task or activity, often acquired through practice and learning.

Hidden Curriculum

The unofficial, unstated, or implicit patterns within a school that influence what children learn. For instance, teacher background, organization of the play space, and tracking are all part of the hidden curriculum—not formally prescribed, but instructive to the children.