advertising can inform buyers but sellers must incur, Ask an Expert

Economics

Advertising can inform buyers, but sellers must incur costs to advertise. If so, advertising can result in higher prices to consumers.

Does this mean advertising is economically inefficient?

If not, describe how it can simultaneously create value and increase market prices.

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M9101060

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