Read the paragraph “Oligopoly and Advertising” , Chapter 14, pages 278-279.
Provide a short description of an oligopolistic market.
Explain why the advertising is a form of a non-price competition.
Check positive and negative effects of advertising in the Oligopolistic Market discussed in this paragraph.
Select two samples of commercials (use the Youtube site) that can illustrate positive effects of advertising (the first commercial), and negative effects (the second). Provide some arguments explaining your choice.
Length: 1.5-2 pages.