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Q: Global internet will drive styles tastes and products to converge and create a more homogeneous global marketplace Why?
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Wireless products affect the global marketplace in a significant way. They are a form of improved technology which is efficient and neat as opposed to wired products.


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Are there homogeneous products in an oligopoly?

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What are homogeneous products?

Homogeneous products are all the same. We could also call them standardized products. If you sell for example a box, and all the boxes you sell have exactly the same size, and are made from the same cardboard, and look the same, and weigh the same, etc., you could call that a homogeneous product.Which means that they are two identicle products being sold by two different firms.


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