Goods sold in perfectly competitive markets are generally...
Goods sold in perfectly competitive markets are generally
Homogenous
Intermediate and final
Durable and non-durable
Heterogeneous
Correct answer is A
The goods bought and sold in a perfect market must be homogeneous. That is, they must be identical. They must be of same size, shape, weight, colour etc. The goods must be the same in the eye of the customer.
In the theory of the consumer behavior, a consumer is said to maximize utility when ...
An example of a producer goods is a ...
The demand curve would shift to the left when there is a rise in ...
A disadvantage of Nigeria's dependence on imported petroleum products is the ...
The natural growth rate of a population is the ...
One of the function of money is ...