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The theory of the firm under perfect competition — Economics STD 12 Humanities & Commerce — Question

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsThe theory of the firm under perfect competition1 Mark
Question
What do you mean by homogenous product?
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Answer

Products sold in the market are homogeneous, i.e., they are identical in all respects like quality, colour, size, weight, design, etc.

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