Selling cost is insignificant under:

Related MCQs

• A monopolist produces 14,000 units of output and charges Rs.14 per unit. Its marginal revenue is Rs.8, its marginal cost is Rs.7 and rising, its average total cost is Rs.10, and its average variable cost is Rs.9. The monopolist should
• If an imperfectly competitive firm is producing a level of output where marginal cost is equal to marginal revenue, marginal revenue is below average variable cost, and price is equal to average total cost, then the firm
• Selling cost is a feature of
• Selling cost assumes paramount importance in
• Selling cost is a feature of :
• A firm under perfect competitions shall be in equilibrium when marginal cost will be equal to marginal revenue and marginal cost curve is still
• If a perfectly competitive firm finds that the profit maximizing output level occurs where price is equal to marginal cost but is less than average variable cost
• Price is constant or "given" to the individual firm selling in a purely competitive market because:
• Selling more than one product at a single price
• The market structure which has large number of sellers selling differentiated product is called