Consider a market in which product quality does not affect, Project Management

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Consider a market in which product quality does not affect

1. If a firm can choose price and advertising to convince consumers of high quality, do there exist circumstances under which the firm prefers not to use one of those two instruments? Discuss.

2. Consider a market in which product quality does not affect marginal costs. Do repeat purchases facilitate or hinder advertising signals?

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Project Management: Consider a market in which product quality does not affect

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