Question

Question 8

Critics of advertising argue that in some markets advertising may
A attract products of lower quality into the market.
B attract less informed buyers into the market.
C decrease elasticity of demand allowing firms to charge a larger markup over marginal cost.
D enhance competition in markets to an unnecessary degree.
Question 9

Answer 1

C decrease elasticity of demand allowing firms to charge a larger markup over marginal cost.

Step-by-step explanation: