An example of a product that could most closely satisfy the homogeneous product assumption of perfect competition is
A)barley.
B)cars.
C)shampoo.
D)personal computers.
E)pizza.

Name: An example of a product that could most closely satisfy the homogeneous product assumption of perfect competition is A)barley. B)cars. C)shampoo. D)personal computers. E)pizza.
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Question

Quizplus · Accepted Answer

Barley is a standardized agricultural product with little differentiation, fitting the homogeneous product assumption of perfect competition.

An Example of a Product That Could Most Closely Satisfy