According to critics, large marketing companies use patents and heavy promotion spending to ________.
A) acquire smaller companies
B) offset too many social costs
C) prevent industry competition
D) achieve economies of scale
E) offset cultural pollution

Question

Quizplus · Accepted Answer

Critics argue that large marketing companies use patents and heavy promotion spending to prevent industry competition. Patents can be used to limit the entry of competitors into the market by preventing them from using certain technology or innovation, giving the patent holder a significant competitive advantage. Heavy promotion spending can also make it difficult for smaller companies to compete, as they may not have the financial resources to match the marketing efforts of larger companies. By preventing competition, large marketing companies can maintain their dominance in the market and achieve higher profits.

According to Critics, Large Marketing Companies Use Patents and Heavy