Question

If each of two monopolistic competitors undertakes equally successful advertising efforts to attract consumers away from the other, the total result is that ________. they will both increase market share they will both increase market share they will both improve their industrial position they will both improve their industrial position they will simply neutralize one another's efforts

Answer 1

Answer:

They will simply neutralize one another's efforts

Explanation:

The key is in "attracting consumers away from the other."  Because there's already a given set of consumers, the advertising tactics of the two duopolistic firms will end up in a loss in some customers and a gain in others. This is a zero-sum game, and a neutralization of each other's efforts.