Statement–Argument — Should there be a ban on product advertising? Arguments: I) No; in competitive markets, effective advertising informs and differentiates, aiding sales. II) Yes; huge ad spends inflate product costs for consumers. Choose the strong argument(s).

Introduction / Context:
Advertising policy balances information/competition benefits against potential cost pass-through and distortions. Both sides can offer policy-relevant reasons.

Given Data / Assumptions:

• Ads can educate consumers and stimulate competition/innovation.
• Ad budgets may be priced into goods, raising costs.
• A total ban is extreme; the arguments are about whether a ban is justified.

Concept / Approach:
Argument I: advertising aids market efficiency via information—strong. Argument II: cost inflation via ad spend—also a relevant concern—strong. Since each identifies a real effect, either could be persuasive depending on policy weightings.

Step-by-Step Solution:

Verification / Alternative check:
Common compromise: regulate misleading ads and certain sectors rather than ban all—shows both concerns are legitimate.

Why Other Options Are Wrong:
“Only I/Only II” ignores the opposing valid dimension; “Neither” is too dismissive.

Common Pitfalls:
Treating all advertising as purely good or purely bad.

Final Answer:
if either I or II is strong.