For which market model can we not assume a homogeneous product?

Name: For which market model can we not assume a homogeneous product?
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Question

Quizplus · Accepted Answer

In monopolistic competition, firms sell products that are not identical but are similar, allowing for product differentiation. This contrasts with pure competition and pure monopoly, where the product is assumed to be homogeneous, and oligopoly, which can feature either homogeneous or differentiated products depending on the industry.

For Which Market Model Can We Not Assume a Homogeneous