The Firefox, Internet Explorer, and Opera browsers are an example of ________.

Question

Quizplus · Accepted Answer

The fact that there are multiple browsers to choose from shows that the products are differentiated, meaning they have distinct features that set them apart from one another. This is not a characteristic of a monopoly (only one producer with no close substitutes) or perfect competition (many identical producers). Homogeneous products are identical, which is not the case for the different types of browsers.

The Firefox, Internet Explorer, and Opera Browsers Are an Example