In Which Two Market Models Would Advertising Be Used Most

question 53

Multiple Choice

In which two market models would advertising be used most often?

• A) pure competition and monopolistic competition
• B) pure competition and pure monopoly
• C) monopolistic competition and oligopoly
• D) pure monopoly and oligopoly

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Definitions:

Balance of Trade

The difference between a country's exports and imports of goods.

Imports

Goods or services brought into one country from another for sale or use.

Barter

The practice of exchanging products and services for other products and services rather than for money.