Question
Which one of the following is not a feature of monopoly ?
Answer: Option C
Answer: (c)
Heavy selling cost is one of the defining features of an oligopoly. Firms resort to heavy selling costs to attract customers.
Under this market form, the firms have to compete to promote their sale by largely homogenous products, differentiated mainly by heavy advertising and promotional expenditure that ultimately adds to the total selling cost.
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Answer: (c)
Heavy selling cost is one of the defining features of an oligopoly. Firms resort to heavy selling costs to attract customers.
Under this market form, the firms have to compete to promote their sale by largely homogenous products, differentiated mainly by heavy advertising and promotional expenditure that ultimately adds to the total selling cost.
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