CUET Preparation Today
| Selling costs become unnecessary in which of the following? |
Monopoly Monopolistic competition Perfect competition Both 1 and 3 |
| Both 1 and 3 |
| Selling costs refer to those expenses which are incurred for popularizing the differentiated product and increasing the demand for it. Under perfect competition due to homogeneous product and under monopoly because of absence of substitute, the selling costs become unnecessary. |
