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  • Economics (UGC/NET - Paper II & III)
  • Who said that advertisements can become a life-and-death ...
Multiple choice

Who said that advertisements can become a life-and-death matter under oligopoly?

  1. Chamberlein

  2. Cournot

  3. Baumol

  4. Sweezy

  5. Stakelberg

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Prof. Baumol said this because oligopolist firms spend a lot of money on advertisement and customer service.

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