Regarding our MACRO-marketing system:
A) consumers would be better off if our macro-marketing system were in pure competition--rather than monopolistic competition.
B) marketing makes people buy things they don't need.
C) advertising can actually lower final consumer prices--if it helps achieve economies of scale.
D) monopolistic competition leads to higher prices, restriction of output, a waste of resources, and greater consumer dissatisfaction.
E) All of the above.

Question

Quizplus · Accepted Answer

Advertising can lower final consumer prices by increasing demand, which can lead to economies of scale in production, reducing costs per unit.

Regarding Our MACRO-Marketing System