Question

In 1971, Congress passed a law that banned cigarette advertising on television. After the ban it is most likely that the (i) profits of cigarette companies increased. (ii) prices of cigarettes increased. (iii) total costs incurred by cigarette companies increased. Group of answer choices (i) only (i) and (ii) (ii) and (iii) (i), (ii), and (iii)

Answer 1

After the ban on cigarette advertising, the total costs incurred by cigarette companies increased and the prices of cigarettes also increased.

What is advertising?

The process of making people and the society at large aware about a product, which is available to be brought in the market, is known as advertising.

Cigarette advertising was banned in order to curb the negative impacts of smoking addiction of impressionable youth in the society. As a result, the production costs went higher as it impacted the prices of cigarettes.

Hence, option C holds true regarding advertising.

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