Defenders of advertising argue that it:
A)informs potential buyers about the properties of the goods and services.
B)leads to economic inefficiency.
C)enables small firms to become monopolists.
D)allows lower prices than in a perfectly competitive market.

Question

Quizplus · Accepted Answer

Advertising helps potential buyers learn about the features and benefits of various goods and services, which can help them make informed purchasing decisions. It also allows companies to differentiate their products from those of their competitors, which can create value for consumers. However, advertising does not necessarily lead to economic inefficiency or enable small firms to become monopolists. Additionally, it may not always result in lower prices for consumers.

Defenders of Advertising Argue That It