2767EconomicsMedium
Which of the following is not put forth as a criticism of advertising and brand names?
AAdvertising increases brand loyalty causes demand to be more inelastic and thus, increase mark-up over marginal cost.
BAdvertising increase competition Which causes unnecessary bankruptcies and layoffs.
CAdvertising manipulates people’s tastes to create a desire that otherwise would not exist
Correct answer
B. Advertising increase competition Which causes unnecessary bankruptcies and layoffs.
Explanation
The correct answer is Advertising increase competition Which causes unnecessary bankruptcies and layoffs..