Asked by Anthony Vasquez on Apr 27, 2024
Verified
The case for advertising includes the idea that
A) it adds to society's scarce resources.
B) firms spend large sums of money to create meaningless differences among products.
C) it can promote competition.
D) it creates wants that otherwise would not have existed.
Advertising
The act of promoting products or services through various media channels to increase awareness and sales.
Promote Competition
Actions or policies intended to encourage a competitive market, leading to benefits such as lower prices and innovation.
- Familiarize oneself with the role and conflicting opinions on advertising within markets with monopolistic competition.
Verified Answer
SH
Sinothile HlabisaApr 30, 2024
Final Answer :
C
Explanation :
Advertising can promote competition by informing consumers about the availability, prices, and features of products, which can lead to more informed choices and encourage companies to improve their offerings and prices to attract customers.
Learning Objectives
- Familiarize oneself with the role and conflicting opinions on advertising within markets with monopolistic competition.