Question

What is the role of non price strategies like advertisements in oligopoly? why are they important?

Answer 1

Answer:

ADVERTISEMENTS: Firms in oligopolistic industries rely heavily on non-price weapons such as advertising and variation in product characteristics as marketing strategies. They view price-cutting as a dangerous tactic because it can initiate a price war that may have disastrous consequences in the long run.

Explanation:

mark it as brain list

Answer 2

Answer:

ADVERTISEMENTS: Firms in oligopolistic industries rely heavily on non-price weapons such as advertising and variation in product characteristics as marketing strategies. They view price-cutting as a dangerous tactic because it can initiate a price war that may have disastrous consequences in the long run.

hope it helps u !