A perfectly competitive industry consists of firms that produce ________ products.
A) identical
B) unique
C) slightly differentiated
D) significantly differentiated

Name: A perfectly competitive industry consists of firms that produce ________ products. A) identical B) unique C) slightly differentiated D) significantly differentiated
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Question

Quizplus · Accepted Answer

In a perfectly competitive industry, firms produce identical or homogeneous products, meaning there is no differentiation between the products offered by different firms.

A Perfectly Competitive Industry Consists of Firms That Produce ________