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CS Foundation Question

In monopoly selling expenses are?

  • Jenny
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  • 9 Answers
  Answer
9 Answers

  • advertisement

    0

  • nill

    0

  • optional

    0

  • no

    0

  • Nill

    1

  • no selling expenses

    1

  • no need of selling expenses

    3

  • In monopoly the consumer is bound to purchase the goods or services at the price decided by the seller because there is no substitutes and entries of new firms are restricted.

    4

  • Under monopoly , there is no competitive advertising since, by definition, a monopolist produces a product which has no close substitutes. The monopolist only needs to inform or remind the buyers that his product exists and he need not emphasise the competitive nature of its product.

    8
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