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Point out the assumptions of Selling Costs. - Economics

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Question

Point out the assumptions of Selling Costs.

Very Short Answer
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Solution

Selling cost is based on following two assumptions:

  1. Consumer’s demand and interest cannot be changed.
  2. The consumer does not know different types of goods.
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Chapter 15: Price Output Determination Under Monopolistic Competition and Oligopoly - TEST QUESTIONS [Page 15.26]

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R. K. Lekhi and P. K. Dhar Economics [English] Class 12 ISC
Chapter 15 Price Output Determination Under Monopolistic Competition and Oligopoly
TEST QUESTIONS | Q A. 7. | Page 15.26
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