Must be 350 words, NEED IN 4 HOURS NOT 13

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Must be 350 words, NEED IN 4 HOURS NOT 13

Option C: Signaling

Pick a commercial or advertisement you see. Answer the following questions in your essay:

  • What product is being advertised?
  • What message is the ad trying to convey?
  • Would this message increase willingness to pay? Explain.
  • Would this message decrease the price elasticity of demand? Explain.
  • Would this message reduce adverse selection? Explain.
  • Is this ad inefficient? Does it allow the firm to charge an excessive price and earn economic rent? Explain.

NEED IN 4 HOURS NOT 13