Defend or refute the statement. Write ‘yes’ or ‘no’ with reaso – InterviewSolution

1.	Defend or refute the statement. Write ‘yes’ or ‘no’ with reason:There are no selling costs in perfect competition and monopoly forms of the market.
Answer» Yes. It is because homogeneous products are sold at a uniform price under perfect competition and because monopoly product has no close substitutes in the market.

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