What do you mean by the absence of transportation cost?
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Hey mate.
Here is ur answer❤❤
Explanation:
They can buy or sell anywhere and at anytime they want, No transportation cost . There is an absence of transportation cost that is incurred in carrying the goods from one market to other.......This means any customers can buy from any seller , and any seller can sell to any buyer...
Hope it will help you
Answered by
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The absence of transportation costs means there is no extra charge to exchange products from buyer to seller.
What does the transportation cost?
- The expenses for maintenance of the product and depreciation cost come under transportation cost
- When the company supply the products from one place to another place then transportation cost is required
- The packing of goods is also an example of transportation cost
- In perfect competition, transportation cost is not required
- Transportation cost is the cost of delivery of goods from sellers to buyers
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