It is difficult to imagine a truly homogeneous market for even a commodity product like milk. In other words, since the milk market includes people who buy different types of milk (i.e., whole, 2%, skim, almond milk, etc.), you'd have to conclude that the milk market has many segments and that it's heterogeneous rather than homogeneous. A True В False

It is difficult to imagine a truly homogeneous market for even a commodity product like milk. In other words, since the milk market includes people who buy different types of milk (i.e., whole, 2%, skim, almond milk, etc.), you'd have to conclude that the milk market has many segments and that it's heterogeneous rather than homogeneous. A True В False

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

It is difficult to imagine a truly homogeneous market
for even a commodity product like milk. In other
words, since the milk market includes people who
buy different types of milk (i.e., whole, 2%, skim,
almond milk, etc.), you'd have to conclude that the
milk market has many segments and that it's
heterogeneous rather than homogeneous.
A
True
В
False

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