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Home Q & A Board Other Fields Homework Help Business Economics
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Clement Clement
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Posts: 510
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4 years ago

Question 1.

The case against advertising includes the assertion that advertising



▸ keeps firms from spending huge sums of money to create artificial differences among goods.

▸ provides consumers with valuable information about product availability, quality, and price.

▸ decreases competition by increasing barriers to entry of new firms into an industry.

▸ ensures high quality and efficient production.

Question 2.

The more homogeneous are consumers' preferences, the less product variety will be observed.



▸ true

▸ false
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
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Lori734Lori734
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4 years ago
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Clement Author
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#2
4 years ago
Thank you, thank you, thank you!
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