Which best describes how advertising influences consumer choice in an oligopoly? © Advertising coaxes people to buy new products.
Advertising alerts consumers to price reductions.
• Advertising undermines competition.
• Advertising informs brand knowledge.

• Advertising undermines competition.

Explanation:

Oligopoly is a market structure which contains the small kind of firms in that it have non-significant influence. The concentration ratio defines the highest firms market share

As per the given options, the advertising impact the choice for the consumer in an oligopoly at the time when advertising undermines the competition

Therefore the option b is correct

And, the rest of the options are wrong

c

explanation:

answer(8,000.)