Wich of the following market types has all firms selling products so identical that buyers do not care from which firm they buy?
Answers
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ANSWER
Only a few sellers, each offering a
similar or identical product to the others
Monopolistic Competition. Many firms
selling products that are similar but not
identical. A duopoly is an oligopoly with
only two members....
However,Unlike in perfect
competition,the firms in monopolistic
competition sell similar, but slightly
differentiated products....
Answer:
The answer is Perfect competition
Explanation:
Perfect opposition is characterized by using all the following -well knowledgeable buyers and sellers with admire to prices -a massive range of shoppers and sellers -no restrictions on entry into go out from the enterprise. The term perfect opposition refers to a theoretical marketplace shape. In an ideal opposition model, there are no monopolies. This kind of structure has some of key characteristics, including: All companies sell an equal product (the product is a commodity or homogeneous).
A monopoly is the form of imperfect opposition wherein a dealer or producer captures the general public of the market proportion due to the shortage of substitutes or competition.
A monopolistic opposition is a kind of imperfect opposition where many dealers try and capture the marketplace percentage by differentiating their merchandise. In a monopolistic market, there is most effective one company that dictates the rate and deliver stages of products and services. a superbly competitive marketplace consists of many corporations, where no person company has market manage. inside the real international, no marketplace is only monopolistic or flawlessly aggressive.
Which of the following market types has all firms selling products so identical that buyers do not care from which firm they buy?
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What is perfect competition?
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