in which market is the commodity differentiated
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Commodities tend to be raw materials like corn, wheat, copper, crude oil, etc. Only commodities can be traded on "futures" markets because every unit is the same. Differentiated products tend to be finished products.
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Explanation:
Commodities tend to be raw materials like corn, wheat, copper, crude oil, etc. Only commodities can be traded on "futures" markets because every unit is the same. Differentiated products tend to be finished products.
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