Which of the following is most likely to happen in a generic market?
A)Sellers offer various,often diverse,ways of satisfying broadly similar needs.
B)Consumers are offered various close substitute ways of satisfying needs.
C)Everything is the same as in a product-market.
D)Customers have very diverse needs.
E)Sellers produce unbranded products.

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.

Which of the Following Is Most Likely to Happen in a Generic