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What is the purpose of advertising for companies like Pepsi who advertise the same product and every person in the modern world knows about it? Why waste money?

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As an economist, I think, Pepsi Co would want their product to have inelastic demand.

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    $\begingroup$ This does not provide an answer to the question. To critique or request clarification from an author, leave a comment below their post. - From Review $\endgroup$ – Giskard Jul 21 at 22:30
  • $\begingroup$ Don't you let the author decide on the satisfactory answer? $\endgroup$ – london Jul 22 at 22:10
  • $\begingroup$ Thought police! $\endgroup$ – Giskard Jul 23 at 2:01
  • $\begingroup$ If this the first time you see a review action, reading the site (or network) faq may be useful. $\endgroup$ – Giskard Jul 23 at 2:04
  • $\begingroup$ Poor answer m8 ngl $\endgroup$ – user29463 Jul 27 at 14:39

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