Selling cost is a feature of :
A) perfect competition
B) monopoly
C) monopolistic competition
D) oligopoly
Correct Answer:
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Q13: In the case of price leadership by
Q14: If an oligopolist incurs losses in the
Q15: Existence of large number of buyers and
Q16: Product differentiation is a characteristic of:
A)monopoly
B)perfect competition
C)monopolistic
Q17: A firm under Perfect Competition is a:
A)price
Q19: Oligopoly is characterized by:
A)a few sellers
B)one seller
C)large
Q20: When there are only two sellers, the
Q21: Perfect competition is a market situation under
Q22: The demand curve of a firm under
Q23: The price of a commodity under the
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