A monopolistically competitive firm advertises in order to:

a) shift the demand curve for its product to the left.

b) make the demand for its product less price elastic

c) make its product more similar to its competitors'

d) reduce the industry's barriers to entry

e) hire DECA students from SFHS"

A monpolistically competitive firm is a firm that operates in an industry where there are many sellers and buyers of differentiated goods and services.

Producers advertise their goods in order to increase the demand for their goods and services.

The aim of advertising is to shift the demand curves of a firm to the right. That is, to increase demand.

Advertising shows the benefits of a products and attracts consumers. This can reduce the sensitivity of consumers to the price of the product. Therefore , advertising makes the demand for a product less price elastic.

I hope my answer helps you.

A monopolistically competitive firm advertises in order to: a) shift the demand curve for its product to the left. b) make the demand for its product less price elastic c) make its product more similar to its competitors' d) reduce the industry's barriers to entry e) hire DECA students from SFHS"

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