Corporations; Monopolistic Competition

Paragraph 1: Corporations. What major advantages of corporations have given rise to their dominance as a form of business organization? Include specific examples in your answer.

Paragraph 2. Monopolistic Competition. Why is there so much advertising in monopolistic competition? Pick a product that you have purchased in a monopolistically competitive market structure and tell us how advertising did or did not play a key role in your decision to purchase that product. Why might it be excessive at times?

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