Advertising must be socially wasteful because advertising simply adds to the cost of producing a product.

Question

Quizplus · Accepted Answer

While advertising does add to the cost of producing a product, it also serves the purpose of promoting the product and increasing demand, which can ultimately result in increased sales and profits for the company. Therefore, advertising can be seen as an investment rather than a social waste.

Advertising Must Be Socially Wasteful Because Advertising Simply Adds to the Cost