Question

Q1: The main criticism by economists about advertising is that

advertising will lead to lower quality products

the expense of ads will raise average total cost

advertising will mislead consumers

Q2: if you are working or have worked at a job. If you haven't worked use the place your parent or relative worked. in which category--perfect competition, monopolistic competition, oligopoly, or monopoly did the place you work fit in? who were the firm's competitors? Did the firm have an ability to control the selling prices it charged?    

Q3: If you work or worked at a business, does it advertise? (if you don't work, use a parent or relatives place of business. In what forms or media does it advertise in? Do your competitors advertise? Do you think the advertisement leads to higher sales or is it to counter your competitors?