The correct option is B ; Both firm will advertise , Suppose that both firms start off not advertising. If firms act independently,
An advert is a mass or public media message with is designed to convince people to but into a product, service or an idea.
Therefore, the wisest course of action for business A will be to set a low price for the item.
Institutional and product advertising are the two primary categories of advertising tactics. Institutional advertising is employed to promote a business's brand.
This is accomplished by the use of many media, including television, print (newspapers, magazines, journals, etc.), radio, press, the internet, direct marketing, billboards, mailers, competitions, sponsorships, posters, outfits, events, colors, sounds, images, and even people (endorsements).
Hence, it is correct to state rival firms will end up advertising.
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Full Question:
Suppose that both firms start off not advertising. If firms act independently, what strategies will they end up choosing?
A) fizzo will choose not to advertise and Pop Hop will choose to advertise.
B) Both firms will advertise
C) Both firms will choose NOT to advertise
D) Fizzo will chose to advertise and Pop will choosenot to advertise.