Question 1 Would a perfectly competitive firm engage in advertising? Explain. Question 2 Consider the total cost and tot

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answerhappygod
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Question 1 Would a perfectly competitive firm engage in advertising? Explain. Question 2 Consider the total cost and tot

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Question 1
Would a perfectly competitive firm engage in advertising?Explain.
Question 2
Consider the total cost and total revenue given in the followingtable:
Quantity
0
1
2
3
4
5
6
7
Total Cost
RM8
9
10
11
13
19
27
37
Total Revenue
RM0
8
16
24
32
40
48
56
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