Fruit vendors at a busy outdoor farmer's market are involved in perfect competition.They cannot truly distinguish one apple from the ones sold at the next table.

Name: Fruit vendors at a busy outdoor farmer's market are involved in perfect competition.They cannot truly distinguish one apple from the ones sold at the next table.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

In perfect competition, products are homogeneous, meaning they are identical and indistinguishable from one another, which applies to the apples sold by different vendors.

Fruit Vendors at a Busy Outdoor Farmer's Market Are Involved