Question

3. Homogeneous product
is a feature of this market​

Answer 1

Answer:

Under perfect competition, products are homogeneous. Perfect competition is a form of the market in which there is a large number of buyers and sellers and where homogeneous product is sold at a uniform price.

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Answer 2

Answer:

Under perfect competition, products are homogeneous. Perfect competition is a form of the market in which there is a large number of buyers and sellers and where homogeneous product is sold at a uniform price.