Muse a little about the role of advertising in industries classified as monopolisitic competition or even oligopoly. Can advertising make markets either more of less cometitive? How?
Advertising makes markets more competitive, because a business can use them to differentiate themselves and bring more value to the name. Advertising puts their name out there, while other companies stay less known.
What was the most interesting thing you learned in this chapter? Why was it interesting to you?
It was a short chapter with mostly uninteresting information. I found it funny that Nike created a sneaker specifically for Native Americans and the book referred to Native Americans as American Indians...
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