All of the following are characteristics of the market for a commodity product except O price is driven down to just equal opportunity costs. O All of these are characteristics of a market for a commodity product. O consumers perceive the goods to be identical no matter who supplies them. economic profit is zero.

All of the following are characteristics of the market for a commodity product except O price is driven down to just equal opportunity costs. O All of these are characteristics of a market for a commodity product. O consumers perceive the goods to be identical no matter who supplies them. economic profit is zero.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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