Advertising and Economics, homework help

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Economics

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Minimum 150 words. This is a discussion question, not a paper, per se. Cite all work.

How do individual firms in a perfectly competitive industry respond to an increase in the market demand for the product? Would advertising by individual firms in this type of market provide any benefits? Why?


Post a graph to support your answer.

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How do individual firms in a perfectly competitive industry respond to an increase in the market
demand for the product? Would advertising by individual firms in this type of market provide
any benefits? Why?
In modern days, it is imperative for a Company to be prepared either to a decrease of the
demand of their products or their increase. There are several measures that a company would
need to take to meet the increase in demand; even ...


Anonymous
Very useful material for studying!

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