A market in which sellers offer various,often diverse,ways of satisfying needs is called a ________ market.
A)product
B)diverse
C)general
D)relevant
E)generic

Question

Quizplus · Accepted Answer

A generic market is a market with broadly similar needs-and sellers offering various,often diverse,ways of satisfying those needs.In contrast,a product-market is a market with very similar needs and sellers offering various close substitute ways of satisfying those needs.

A Market in Which Sellers Offer Various,often Diverse,ways of Satisfying