Name a market where selling cost is not required. Give a reason for yo – InterviewSolution

1.	Name a market where selling cost is not required. Give a reason for your answer
Answer» In Perfect competition market selling cost is not required because in this market situation there are large number of buyers and sellers selling of homogeneous good at a single uniform price. The price in this market is set by industry and the output sold by each firm is very small as compared to the total combined output of all firms. So, a seller cannot charge high price for a homogeneity product. Thus, uniform pricing is prevail for all firms.

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