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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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∙ 11y ago
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Are there homogeneous products in an oligopoly?
Homogeneous products are in a monopoly, oligopoly, monopolistic, monopoly and pure competition according to economics. for the purpose of analysis.
Is it true that one of the four conditions for perfect competition is identical products also called commodities?
There are a lot more than four conditions, but "homogeneous" products (there's no such thing as identical products) are one of the ways you tell if a market is operating under perfect competition.
Is Disney an oligopoly?
Disney is not an oligopoly. An oligopoly is a small number of firms who work together to sell a homogeneous or differentiated product. It is instead an industry that has many outputs of different products.
What is the difference bet pure oligopoly and oligopoly?
In a pure oligopoly the products that are sold are homogeneous (the same e.g. gold, steel etc). While in a impure oligopoly the product that are sold are heterogeneous (different, think tablets, smart phones etc.).
Which f the following best states the main difference between a monopoly and monopolistic competition?
Under pure competition there are large number of buyers and sellers, homogeneous products and free entry and exit. Whereas under Monopoly there is a single seller, there are no close substitutes for the commodity it produces and there are barriers to entry.
Are there homogeneous products in an oligopoly?
Homogeneous products are in a monopoly, oligopoly, monopolistic, monopoly and pure competition according to economics. for the purpose of analysis.
What are the examples of heterogeneous and homogeneous?
catalysts which are in the same phase to that of reactants and products
What is the definition of product class in marketing?
It can divided into four parts: Firstly, convenience products such as staple conveniences, impulse products, and emergency products: secondly,shopping products, for example homogeneous and heterogeneous products: thirdly, specialty products: what is more is unsought products, new unsought and regularly products
Is mineral oil a homogeneous or heterogeneous mixture?
It is homogeneous.
Is salt homogeneous or homogeneous?
homogeneous
What are conditions for perfect competition?
Many Buyers and sellers Homogeneous products Free entry or exit of firms Perfect information
Is spaghetti sauce a homogeneous or heterogeneous?
Heterogenous
Is saliva a heterogeneous or homogeneous?
it is homogeneous
Is yogurt a heterogeneous or homogeneous mixture?
homogeneous
Is hair gel heterogeneous or homogeneous?
homogeneous and its a colloid
What is the difference between homogenous equilibrium and homogenous equilibrium?
I don't know how you can differentiate between two same things. However I can tell you what homogeneous equilibrium is-If all the reactant and products are in the same phase then the reaction at equilibrium is in homogeneous equilibria.
Is a paper clip a heterogeneous or homogeneous mixture?
It is an alloy, very probable not homogeneous.
