9 Answers
9 Answers
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advertisement0Modal content
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nill0Modal content
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optional0Modal content
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no0Modal content
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Nill1Modal content
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no selling expenses1Modal content
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no need of selling expenses3Modal content
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In monopoly the consumer is bound to purchase the goods or services at the price decided by the seller because there is no substitutes and entries of new firms are restricted.4Modal content
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Under monopoly , there is no competitive advertising since, by definition, a monopolist produces a product which has no close substitutes. The monopolist only needs to inform or remind the buyers that his product exists and he need not emphasise the competitive nature of its product.8Modal content
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- sonali
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