Question

As a consumer would you favor advertising in a monopolitically competitive industry. justify your answer?​

Answer 1

Answer:

The introduction of advertising into a monopoly will result in a higher cost for the industry/firm, hence this will result in increased prices. The aim of the advertising is to drive demand, or the demand to be more inelastic, to the extent that the supernormal monopoly profit is not diminished.

Answer 2

Answer:

No

Explanation:

Because that is like a Loss and win you can sometimes lose all your money sometimes you can get doublem of your money also but investing money in a Industry is so risky that's why I am telling you with my own experience I invested my 2 crore rupees on Vodafone but I lost all my money and fen nothing back so please don't invest