In a homogeneous or pure market, what is it relatively easy for a firm to do?
A) imitate success almost immediately
B) conquer the market
C) gain access to capital
D) all of these

Question

Quizplus · Accepted Answer

In a homogeneous or pure market, all firms are selling the same product or service, so it is relatively easy for a firm to imitate the success of its competitors. However, it is difficult to conquer the market or gain access to capital since all firms are essentially equal in the eyes of consumers and investors.

In a Homogeneous or Pure Market, What Is It Relatively