Roughly 18bn is forecast to be spent in the UK on advertising in 2017. Much of this will be spent by monopolistically competitive firms or oligopolies seeking to differentiate the products they sell to consumers.

This is the question bellow, answer needs an intro and 3 main body paragraphs with diagrams and also a conclusion and needs to be written in the style of aqa economics.

Evaluate the view that government regulation of monopolistically competitive markets is unnecessary, and that polices to encourage competition and prevent the abuse of monopoly power should focus entirely on oligopolies and monopolies.

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