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Question
What is selling cost?
Short Note
Solution
- 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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