Identical products is a characteristic of which market?
(a) Perfect Competition (b) Monopoly (c) Monopolistic Competition (d) Intensive Competition
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(a) perfect competition
explanation: What Is Perfect Competition? Pure or perfect competition is a theoretical market structure in which the following criteria are met: All firms sell an identical product (the product is a "commodity" or "homogeneous"). All firms are price takers (they cannot influence the market price of their product)
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