Selling cost assumes paramount importance in
A)Perfect competition
B)Monopoly
C)Monopolistic competition
D)None of the above

Question

Quizplus · Accepted Answer

In monopolistic competition, firms sell differentiated products, and thus, advertising and branding to differentiate their products and attract customers become crucial. This makes selling costs, such as advertising and marketing expenses, significantly important.

Selling Cost Assumes Paramount Importance in