Assignment:
Q1. Which industries advertise a lot? Give two examples and discuss the likely reasons for high advertising expenditures.
Q2. Discuss the difference between persuasive advertising and advertising as a complement.
Q3. Consider informative advertising about a product’s existence. Does an increase in the advertising cost function necessarily lead to lower profits? Discuss.
Q4. Discuss possible effects of persuasive advertising under imperfect competition.
Your answer must be, typed, double-spaced, Times New Roman font (size 12), one-inch margins on all sides, APA format and also include references.