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Why is there no need for selling cost under perfect competition? - Economic Applications

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प्रश्न

Why is there no need for selling cost under perfect competition?

Name a market where selling cost is not required. Give a reason for your answer.

Why are selling costs not incurred in perfect competition? 

एका वाक्यात उत्तर

उत्तर

Selling costs are not incurred in perfect competition as there exists perfect knowledge among the buyers and sellers of homogeneous products. 

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