Critics of advertising argue that advertising

a. creates demand for products that people otherwise do not want or need.
b. lowers barriers to entry into an industry because new firms can more easily establish themselves as competitors.
c. increases competition by providing information about prices.
d. encourages monopolization of markets by raising entry barriers.

a

Economics

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Why does a bank sometimes hold excess reserves?

What will be an ideal response?

Economics

If the annual interest rate is i, the present value of $X to be received at the end of each future year forever is:

a. $X/(1 + i) b. $X/i c. $X/(1 + i) n d. $X/i n e. $X n /i n

Economics