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WebExpert Answer. Ans. (15). Two ways for monopolistically competitive firms to maintain economic profits are through product differntiation and advertising. Also, advertising will increase the demand for the firm's … WebJan 22, 2015 · Black-and-white advertising gets consumers to focus on basic product features while color advertising can influence consumers to pay more for products with unnecessary extras, a new study suggests. dangerous goods training online free WebFeb 3, 2024 · Economic efficiency helps consumers and companies to reduce waste and make smart decisions. Learning more about this concept can help you improve productivity and use resources efficiently for a company or an organization. In this article, we explain what efficiency in economics is, describe how scarcity affects it and list some types of ... WebMar 14, 2024 · Get Started. Effective advertising reaches potential customers and informs them of your products or services. Ideally, advertising should capture the prospective customer’s attention and entice them to use your product. Regardless of the method, your advertising should be clear and consistently reflect the unique positioning statement of … dangerous goods training qld WebMar 29, 2024 · Advertising helps change outdated or negative perceptions of your business, if needed. Advertising can also increase visibility within your industry, helping you attract partners that can expand your … WebMar 6, 2024 · March 6, 2024. This is National Consumer Protection Week, a week set aside every year to help consumers know their rights and make well-informed choices in the marketplace. Here at the FTC, we’re all about protecting consumers. One way we do this is by enforcing the antitrust laws. Competition is the fuel that drives America’s free-market ... dangerous goods (transport by road or rail) regulations 2018 WebAdvertising helps stimulate economic growth. In a country in which consumer spending determines the future of the economy, advertising motivates people to spend more. By …

WebFeb 14, 2024 · (McConnell and Brue 494). This scenario makes advertising in the oligopolistic markets to be extremely high. It is difficult to tell if advertising leads to improved consumer benefits and efficiency. However, if advertising results in more sales and increased output, this could lead to the efficiency of the firm. codes car tycoon factory WebOkay, let's start. The second question is, how does advertising help consumers and promote efficiency? The result of advertising may be manipulation and persuasion … dangerous goods training south australia