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प्रश्न
Highlight the importance of selling costs in a monopolistically compatible market.
Why are selling costs incurred?
Why do producers incur high selling cost in an imperfect market?
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उत्तर
Selling costs are incurred to persuade the consumers to buy its product rather than other brands of the product.
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संबंधित प्रश्न
“While shopping for fruits in the local market you see many seller selling fruits”. In this context answer the following:
- What is the type of market referred to?
- State and draw the type of demand curve faced by the market above.
- Differentiate between the market indicated above and monopoly on the basis of:
- No. of sellers
- Market price
- Entry and exit of firms in the market
Imperfect knowledge is a characteristic feature of:
Products sold by each firm in a perfectly competitive market are perfect substitutes of each other.
Give two characteristics of perfect competition.
Why is there no need for selling cost under perfect competition?
State the market form of the following commodity.
Railways
In which form of market do producers and consumers have perfect knowledge about the market conditions?
What is meant by the term ‘price taker’?
Identify the market form from the following:
A few large sellers
Why do producers incur high selling costs in an imperfect market?
