Louisiana State University, Shreveport ECON ECON 705 A “homogeneous product” is one where Select one: a. it is…
A “homogeneous product” is one where
it is impossible to distinguish different products made by the same firm (e.g., two cans of Pepsi are identical).
consumers consider there to be a significant difference between firm A’s product and firm B’s product.
it is impossible to distinguish one firm’s product from another firm’s product.
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