is a feature of oligopoly
Answer
A. homogeneous products
C. selling costs
B.O price rigidity
D. duopoly
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Answer:
c
Explanation:
Due to severe competition ‘and interdependence of the firms, various sales promotion techniques are used to promote sales of the product. Advertisement is in full swing under oligopoly, and many a times advertisement can become a matter of life-and-death. A firm under oligopoly relies more on non-price competition.
Selling costs are more important under oligopoly than under monopolistic competition.
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