Among arguments for and against advertising, both sides agree that advertising leads to
a. higher prices and less competitive markets.
b. higher prices and more competitive markets.
c. lower prices and more competitive markets.
d. None of the above is correct. The debate fails to resolve the question of advertising's effect on prices and competition.
d
You might also like to view...
Using exchange rates, it is possible to price-compare in different nations. If an iPod costs $90 in the United States and €45 in France, in which nation would you get the better deal when the dollar-euro exchange rate is $2.50/€?
a. The iPod would be cheaper in France. b. The iPod would be cheaper in the United States. c. The iPod would cost the same in both countries. d. From the information provided, it is impossible to answer this question.
The ceteris paribus assumption means
A) favors are returned in kind. B) this is the proof of the matter. C) from many, one. D) other things are equal.