Advertising: can be valuable because it provides free information about products and prices to consumers. can be harmful because it creates a false sense of differentiation, driving prices up unnecessarily. will always give firms the ability to charge higher prices for their products.

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Advertising can be both valuable and harmful. It is valuable because it offers free information about products and prices, helping consumers make informed decisions. It can be harmful as it may create a false sense of differentiation among products, potentially leading to higher prices. However, it does not always enable firms to charge higher prices, as market competition and consumer perception also play significant roles.

Advertising: Can Be Valuable Because It Provides Free Information About