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Question
Selling expenses in monopolistic include ______________.
Selling expenses in monopolistic include ______________.
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Solution
The correct option is D Both a & b
Monopolistic competition is a market structure where there are large number of sellers selling differentiated products. There is also no barriers to entry. Every body can fix the price as per their choice. But to sell product on a large scale, they focus on advertisement, discounts.etc. Hence, selling expenses in monopolistic include advertisement and discount.
Monopolistic competition is a market structure where there are large number of sellers selling differentiated products. There is also no barriers to entry. Every body can fix the price as per their choice. But to sell product on a large scale, they focus on advertisement, discounts.etc. Hence, selling expenses in monopolistic include advertisement and discount.
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