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22 April, 10:13

Which shift in the demand curve most likely to describe a company in a monopolistically competitive market that begins to spend more on advertising?

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  1. 22 April, 12:04
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    Which shift in the demand curve most likely to describe a company in a monopolistically competitive market that begins to spend more on advertising? An upward shift on the demand curve. A monopolistic competitive market is imperfect competition because many products sell similar products but they are different due to branding and quality used so they are not perfect substitutes for one another.
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