Home
Class 14
GENERAL KNOWLEDGE
Homogeneous product is a feature of: (1)...

Homogeneous product is a feature of: (1) Imperfect market (2) Monopoly (3) Oligopoly (4) Perfect competition

A

Imperfect market

B

Monopoly

C

Oligopoly

D

Perfect competition

Text Solution

Verified by Experts

The correct Answer is:
D
Promotional Banner

Similar Questions

Explore conceptually related problems

Explain the implicaiton of homogeneous product feature of perfect competition.

What is meant by a product being perfectly homogeneous? What is its implication for the price charge by producers in the market? OR In a perfectly competitive market, the buyers treat products of all the firms as homogeneous. Explain the significance of this feature.