Draw the appropriate demand and marginal revenue curves

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Reference no: EM132208459

Question: Explain in your own words why a seller in an oligopoly market (such as smartphones or domestic airlines), where mutual interdependence and rivals' responses are important, would likely try to increase its sales through an advertising campaign instead of by lowering its price(s). Draw the appropriate demand and marginal revenue curves as part of your answer and indicate the equilibrium price and quantity.

Reference no: EM132208459

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