In a generic market
A) sellers offer various, often diverse, ways of satisfying broadly similar needs.
B) consumers are offered various close substitute ways of satisfying needs.
C) is the same as the product-market.
D) is a market where customers have very diverse needs.
E) sells unbranded products.

Question

Quizplus · Accepted Answer

In a generic market, sellers provide diverse solutions to broadly similar needs, not limited to close substitutes or specific products.

In a Generic Market