Why Do Oligopolists Use Product Development and Advertising

question 74

Multiple Choice

Why do oligopolists use product development and advertising?

• A) They are less easily duplicated than price cuts as a competitive strategy.
• B) They enhance the public good by providing information and new products.
• C) They contribute to productive and allocative efficiency in markets.
• D) They create conditions for mutual interdependence and support.

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Definitions:

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