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multiple select question select all that apply advertising increases efficiency by facilitating the introduction of new products. limiting economies of scale. lowering search costs for consumers. decreasing sales and output increasing long - run average total costs.
Advertising helps in quickly making consumers aware of new products, thus facilitating their introduction. It also provides information to consumers, reducing the time and effort they spend searching for products, lowering search - costs. Limiting economies of scale, decreasing sales and output, and increasing long - run average total costs are not ways advertising increases efficiency.
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A. facilitating the introduction of new products.
C. lowering search costs for consumers.