Which of the following statements about advertising is true?
A)Advertising lowers the price of a product.
B)Advertising lowers the total cost of obtaining a good.
C)Advertising has no economic value.
D)Advertising increases the opportunity cost of time.

Question

Quizplus · Accepted Answer

Advertising can lower the total cost of obtaining a good by providing information that makes it easier for consumers to find and purchase products, potentially saving time and effort in the shopping process.

Which of the Following Statements About Advertising Is True