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.
An example of a vertical combination is the merger of_________ ...
An ad volarem tax refers to a tax ...
The meaning of scale of preference is ...
The benefits that result from concentrating similar firms in an area is referred to as ...
The demand for a product is said to be price inelastic, if ...
The capital market is a market for trading of financial assets such as ...
Which of the following is a transfer income? ...
The main source of government revenue in Nigeria is ...
The function that distinguishes commercial banks from the central bank is that the former ...