Asked by
Lazale Wilkerson
on Oct 26, 2024Verified
Advertising is an economically productive activity and NOT a waste of resources because it:
A) increases sales.
B) can convey information about the product.
C) can signal that firms are desperate for customers.
D) can decrease the costs of production.
Economically Productive
Activities or processes that generate goods or services which have value and contribute to the economy.
Convey Information
The act of communicating or transmitting information from one entity to another.
- Learn about the position and impact of advertising in a market with monopolistic competition.
- Recognize the role of information conveyed by advertising in economic decision-making.
Verified Answer
AO
Learning Objectives
- Learn about the position and impact of advertising in a market with monopolistic competition.
- Recognize the role of information conveyed by advertising in economic decision-making.