Why are seller costs not incurred in per...

Why are seller costs not incurred in perfect competition?

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Selling costs are not incurred in perfect competition as there exists perfect knowledge among the buyers and sellers.

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Define market to good.
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Define perfect cometition
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What do you mean by homogenous product?
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What is the shape of demand curve under the perfect competition?
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In which market form, are average and marginal revenue of a firm alway...
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What induces new firms to enter an industry?
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Give the meaning of 'Oligopoly' If the firms are earning abnormla prof...
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In which market form are goods sold at a uniform price?
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In which market form are goods sold at a uniform price? OR In whic...
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When is a firm called price take?
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Why are seller costs not incurred in perfect competition?
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Define monopoly.
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What is a price make firm?
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In which form of market form, there is product differentiation?
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Under which market form, firm is a price maker
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What is meant by " price discrimination"?
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What are the shapes of AR and MR curves under monopoly?
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