In a market for homogenous goods

Name: In a market for homogenous goods
Brand: Quizplus
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In a market for homogenous goods, firms sell identical products. This means that consumers cannot distinguish between the products sold by different firms, and so the firms compete solely on price. As a result, in markets for homogenous goods, there is usually intense price competition, and firms must find ways to minimize their costs in order to remain competitive.

In a Market for Homogenous Goods