A generic market
A) competitor might have only a tiny market share in the generic market but a large share in its product-market.
B) often includes consumers who will satisfy the same need in quite different ways.
C) often involves sellers who compete in different product-markets.
D) All of the above are true.
E) None of the above is true.

Question

Quizplus · Accepted Answer

All three statements are true about a generic market. Competitors in the generic market may have a small share of the overall market but a larger share within their specific product-market. Additionally, consumers in a generic market may have different ways of satisfying their need, and sellers may compete in different product-markets.

A Generic Market