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Products produced in a competitive market are

differentiated

unique

standardized and differentiated

standardized

User Swollavg
by
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1 Answer

2 votes

Answer:

Standardized

Step-by-step explanation:

Firms that are purely competitive provide a standardised (same or homogenous) product. Consumers will be unconcerned about whose vendor they acquire the goods from as long as the pricing is the same.

Monopolistically competitive companies make a typical profit in the long run since entrance into the market is easy. The sort of goods supplied distinguishes oligopoly from perfect competition.

User Arvind Singh
by
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