Asked by SIMNIKIWE MASIKITI on May 02, 2024

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The case for advertising includes the fact that

A) it wastes society's scarce resources.
B) firms spend large sums of money to create meaningless differences among products.
C) it provides consumers with valuable information about product availability, quality, and price.
D) it creates wants that otherwise would not have existed.

Advertising

The action of calling public attention to products, services, needs, etc., especially by paid announcements in print, broadcast, or online media.

  • Recognize the role and arguments for and against advertising in monopolistically competitive markets.
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Zybrea KnightMay 05, 2024
Final Answer :
C
Explanation :
Advertising plays a crucial role in informing consumers about the availability, quality, and price of products, which can help them make better purchasing decisions. This dissemination of information can enhance market efficiency by enabling consumers to compare products and make choices that best suit their needs and preferences.