State whether the following statements are correct or false. Give just

1.	State whether the following statements are correct or false. Give justification for your1) Price discrimination is an important feature of perfect competition.2) Selling cost is the cost for producing the commodity.3) Product differentiation is one of the main features of Monopoly. 4) Price leadership is an important feature of Oligopoly.
Answer» (1) False (2) False (3) False (4) True

State whether the following statements are correct or false. Give justification for your1) Price discrimination is an important feature of perfect competition.2) Selling cost is the cost for producing the commodity.3) Product differentiation is one of the main features of Monopoly. 4) Price leadership is an important feature of Oligopoly.

Answer»

(1) False

(2) False

(3) False

(4) True