Asked by

Lazale Wilkerson
on Oct 26, 2024

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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.
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ASTRID OSCORIMAOct 29, 2024
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