Homogeneous: Difference between revisions
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imported>Doug Williamson (Layout.) |
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A homogeneous product has no distinguishing features, meaning that a consumer's preference is driven purely by price. | A homogeneous product has no distinguishing features, meaning that a consumer's preference is driven purely by price. | ||
== See also == | == See also == | ||
* [[Oligopoly]] | * [[Oligopoly]] | ||
* [[Perfect competition]] | * [[Perfect competition]] | ||
Revision as of 14:30, 1 May 2016
A homogeneous product has no distinguishing features, meaning that a consumer's preference is driven purely by price.
