Question

with respect to perfect competition,explain transport cost​

Answer 1

Explanation:

• Under the perfect competition the transportation cost is cosidered to be negligible and thus, ignored. Perfect competition is a form of the market in which there is a large number of buyers and sellers and where homogeneous product is sold at a uniform price.

• In a perfectly competitive market, it is assumed that all firms have equal access to the market. The goods are produced and sold locally; therefore the firms need not to incur any transportation cost to transport the finished product from one part of the market to the other

Answer 2

Answer:

Key Takeaways. Transportation expenses are a subset of travel expenses that refer specifically to the cost of business transportation by car, plane, train, etc. Expenses such as fuel, parking fees, lodging, meals, and telephone charges incurred by employees can be claimed as transportation expenses.