The right answer to the debate regarding the welfare effects of advertising is that
A. advertising always improves the functioning of the market.
B. advertising always leads to positive economic profits in an industry.
C. advertising always leads to concentration in an industry.
D. there is no right answer.
Answer: D
You might also like to view...
Historical data suggests that a trend toward ________ natural employment ________
A) larger, deficits from the early 1960s to the mid-1980s. B) larger, surpluses form the early 1960s to the mid-1980s. C) smaller, surpluses form the mid-1980s to 1995. D) larger, surpluses from the mid-1980s to 1995.
An example of in-kind assistance to the poor is TANF
a. True b. False Indicate whether the statement is true or false
An increase in the price level will
a. increase the equilibrium level of national income b. decrease the equilibrium level of national income c. increase aggregate expenditures d. increase aggregate demand e. have no effect on aggregate expenditure
When Acme Dynamite produces 250 units of output, its variable cost is $2,000, and its fixed cost is $500. It sells each unit of output for $25. When Acme Dynamite produces 250 units of output, its profit is:
A. $6,250. B. $5,750. C. $3,750. D. $4,250.