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Why is there so much advertising in monopolistic competition and oligopoly? How does such advertising help consumers and promote efficiency? Why might it be excessive at times?
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Okay, So let us understand the meaning off monopolistic competition. Okay, We can understand politically oppressed forms so that it would be easy. So explain the example. Let's suppose we have phone bun. All of them are setting the same. Perhaps. Okay. And the practice Very very least category. So every every newcomer cannot entering the market offsetting. Now what happens? Let's suppose this same lipstick. It depicts this place off that productive bc Mexico's It is just in hypothermic constitution. It is not presence in the current economy. So we're leading how how each of the can attract their customers. Who there what they protect most of quality. Okay, Because of the price off, those products could be seen. Okay, then then again, only attract the customers through the Why did he will be productive. I had only just okay promotion. Okay, so these are the three main. What a feast. Which they sure add on Whatever up, Stewart like me festivals. Because otherwise board will happen. Lexus supposed phone one attracted 20 my customers forms to a direct with my customers. Likewise got three in four. So they will be. Of course, they will be a balance to call me, okay? They will be, of course about it, because that's not how they got meters. Okay, so there should be more guns. You must. Okay. They should be more booked and great quality so that consumers can decide that you which fall they should go on the which nation not go. I really just, Of course, emotions. Of course. Okay. All the noise. Advertisement. Okay, Because Morville and policemen do for these men, the neighbors, the consumer to increase their awareness about the product. Okay, so they will be ever do believed related. Ruby rep features okay. No. Now, also, it may be there may be a situation where all on the pull of the forms we all of the four forms will depend heavily on every basement. Okay, they they will not be looking at quality adam features and any other type of emotion. Okay, Like, they used to, uh, very reaffirms which are, you know, which were really which was specializing in some different product. That's all specific integrity. So they were like they were promoting more. Okay, They were, I think, more quantity to protect more adam features so that they could decorate their estimates that race. If they will spend heavily on em policeman, then their course will be ruled because And produce mint cost is much higher in current economy right now. Okay. Course it is. It is again, a different feel altogether who haven't produced Madonna, you know, off their ideal platforms. It will because the entangled. Okay, so that is, very then any of the four bombs is not concentrating on these. These three qualities which nation I don't practice. So they will be heavily relying on and policemen expenses. Okay. So that people don't like the intestines. Okay, so that's all our solution.
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