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प्रश्न
What is selling cost?
टिप्पणी लिखिए
उत्तर
- Selling Cost is the discussion of “ Product differentiation”.
- We can infer that the producer under monopolistic competition has to incur expenses to popularize his brand.
- This involved in selling the product is called selling cost.
- According to Prof. Chamberlin, selling cost is “ The cost incurred in order to alter the position or shape of the demand curve for a product”.
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संबंधित प्रश्न
Give economic term:
The market where there are few sellers.
Explain the features of Oligopoly.
Price leadership is the attribute of ______.
An example of selling cost is ______.
State the meaning of selling cost with an example.
State with reason whether you agree or disagree with the following statement:
Interdependence is one of the important features of oligopoly.
