highlight the importance of selling costs in a monopolastically competitive market
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Explanation:
Under monopolistic competition, products are differentiated and these differences are made known to the buyers through selling costs. ... Such costs are incurred to persuade the buyers to buy a particular brand of the product in preference to competitor's brand.
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Answer:
Explanation:
Under monopolistic competition, products are differentiated and these differences are made known to the buyers through selling costs. ... Such costs are incurred to persuade the buyers to buy a particular brand of the product in preference to competitor's brand.
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