Goods sold in perfectly competitive markets are generally...
Goods sold in perfectly competitive markets are generally
Homogenous
Intermediate and final
Durable and non-durable
Heterogeneous
Correct answer is A
The goods bought and sold in a perfect market must be homogeneous. That is, they must be identical. They must be of same size, shape, weight, colour etc. The goods must be the same in the eye of the customer.
The maximum number of workers that should be hired is ...
When all factor inputs are doubled, the production possible curve will ...
Balance of trade is define as the relationship between ...
If a good is an inferior good, then ...
The graph above represents _______ ...
The labour force of a country best describes ...
The ultimate objective of Economics is to ...
A capital market differs from the money market in that in the former ...
If the income of a consumer rises and his demand for good X falls, good X can be described as ...