Question: There are four basic market structures in our economy - perfect competition, monopolistic competition, oligopoly, and monopoly. Please visitwww.superbowl-ads.com/which provides a listing of all of
There are four basic market structures in our economy - perfect competition, monopolistic competition, oligopoly, and monopoly.
Please visitwww.superbowl-ads.com/which provides a listing of all of the companies that have advertised during the most recent Super Bowls.For the most part, all of these companies compete in an industry that has what kind of market structure (i.e. is it perfect competition, monopolistic competition, oligopoly, or monopoly?)?Why do businesses in this kind of market structure advertise during the Super Bowl?Why do businesses in the other three market structures generally avoid preparing and airing commercials during the Super Bowl (please provide a specific reason for each of the other three market structures)?
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