Which best describes how advertising influences consumer choice in an oligopoly?

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14-07-2022
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Which best describes how advertising influences consumer choice in an oligopoly?

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ayfat23 ayfat23 · Answer 1 · 2022-07-15T17:47:57+02:00

The best sentence that describes how advertising influences consumer choice in an oligopoly is that Advertising coaxes people to buy new products.

What is oligopoly?

An oligopoly serves as market that has small number of firms that believe to be interdependent in their pricing as well as output policies.

Hence, in an oligopoly is Advertising coaxes people to buy new products.

Learn more about the oligopoly at https://brainly.com/question/13635083

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