A. Advertising manipulates people’s tastes to create a desire that otherwise would not exist
B. Advertising increase competition Which causes unnecessary bankruptcies and layoffs.
C. Advertising increases brand loyalty causes demand to be more inelastic and thus, increase mark-up over marginal cost.
All of these answers are criticisms of advertising and brand names
Correct Answer: Advertising increase competition Which causes unnecessary bankruptcies and layoffs. ✔
Last Updated: June 18, 2019