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In which of the following market forms, selling cost is absent? - Economics

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Question

In which of the following market forms, selling cost is absent?

Options

  • Perfect competition

  • Monopolistic competition

  • Monopoly and perfect competition

  • None of these

MCQ
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Solution

Monopoly and perfect competition

Explanation:

In a monopoly, there is only one seller, so no selling costs are necessary to compete with others. In perfect competition, all firms sell identical products, so there is no need for selling costs like advertising or product differentiation.

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Chapter 9: Forms of Market - TEST YOURSELF QUESTIONS [Page 181]

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Frank Economics [English] Class 12 ISC
Chapter 9 Forms of Market
TEST YOURSELF QUESTIONS | Q 10. | Page 181
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