Explain the concept of 'selling cost' under monopolistic competition.

1.	Explain the concept of 'selling cost' under monopolistic competition.
Answer» <html><body><p></p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :In <a href="https://interviewquestions.tuteehub.com/tag/monopolistic-2180801" style="font-weight:bold;" target="_blank" title="Click to know more about MONOPOLISTIC">MONOPOLISTIC</a> competition, each firm tries to promote its sales through advertisement. Such a sales promotion <a href="https://interviewquestions.tuteehub.com/tag/expenditure-980222" style="font-weight:bold;" target="_blank" title="Click to know more about EXPENDITURE">EXPENDITURE</a> is known as selling costs. It <a href="https://interviewquestions.tuteehub.com/tag/involves-519086" style="font-weight:bold;" target="_blank" title="Click to know more about INVOLVES">INVOLVES</a> all the advertising techniques like publicity through newspapers, magazine, television and othe media. Such costs create more demand, by persuading a buyer to buy the product.</body></html>

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