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Nilanjan Bhowmick AIR 3, CSIR NET (Earth Science)
- UGC NET
- Commerce
Advertisement is common in which of the following market (1) (3) (a) (c) 51. monopoly perfect competition (1) and (3) (1), (2) and (4) (2) (4) (b) (d) oligopoly
Advertisement is common in which of the following market (1) (3) (A) (C) 51. Monopoly Perfect competition (1) and (3) (1), (2) and (4) (2) (4) (B) (D) Oligopoly Monopolistic competition (2) and (4) Only (4) Contact TIe TAabaitan
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Rishab Soni![best-answer]()
Advertisement is most common in oligopoly and monopolistic competition markets. Oligopoly Markets advertise to get a larger share of the relevant market Monopolistic Competition advertise in response to the same companies in the monopolistic industry to acquire a better market share and position. Whereas, a Monopoly market doesn't really need to advertise as it solely enjoys control over the demand and supply of a particular goods and people have no other choice but to comply with it. In perfect competition, the buyers and sellers are so numerous and well informed about the market that any individual buyer or seller cannot significantly influence the market. So advertisement may still be there in perfect competition but it wouldn't be as significant and complex as compared to oligopoly and perfect competition. So answer should be B) 2 and 4 Hope that helps.