a. attract products of lower quality into the market.
b. attract less informed buyers into the market.
c. decrease elasticity (so that products are more inelastic), allowing firms to charge a larger markup over marginal cost.
d. enhance competition in markets to an unnecessary degree.
b. attract less informed buyers into the market.
c. decrease elasticity (so that products are more inelastic), allowing firms to charge a larger markup over marginal cost.
d. enhance competition in markets to an unnecessary degree.