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) everything is the same as in a product-market.
D) customers have very diverse needs.
E) sellers produce unbranded products.

Question

Quizplus · Accepted Answer

In a generic market, sellers offer diverse ways to satisfy broadly similar needs, focusing on the needs rather than specific products.

In a Generic Market